Economists warn surprise GDP growth in Q3 masks weakness in Canada's economy [BNN Bloomberg (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: BNN Bloomberg
Statistics Canada said Friday that real gross domestic product rose 2.6 per cent on an annualized basis in the third quarter of 2025, marking a rebound from a contraction of 1.8 per cent in the second quarter. The Q3 results show Canada staved off a technical recession — two consecutive quarters of GDP declines. The magnitude of the gain was also well above expectations from both the Bank of Canada and a poll of economists heading into the release calling for just 0.5 per cent annualized growth. “At first glance, this would appear to be a strong print, but there are some underlying details that we do have to dig into,” said TD Bank economist Marc Ercolao in an interview. “There's still some ways to go before we see the Canadian economy back to firing on all cylinders.” StatCan said much of the growth last quarter came from a favourable trade balance: exports edged up while imports fell sharply, which tends to draw better results out of the GDP calculation. Ercolao explained
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TD
Earnings
- 12/4/25 - Beat
TD
Sec Filings
- 12/5/25 - Form FWP
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- TD's page on the SEC website