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Stock impact report

Expect budget 2024 to 'be scant': economist [BNN Bloomberg (Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
James Orlando, director and senior economist at TD Economics, said in a report last week that new spending in the 2024 federal budget, scheduled to be released on April 16, will focus on the previously announced pharmacare program. However, he noted that the ultimate budget impact of the program hinges on how its expanded, as its current form only relates to diabetic medication and contraceptives. “Beyond pharmacare, new budget measures are likely to be scant, with firepower being reserved for next year's pre-election budget. The remaining focus will likely be on continuing to raise housing supply and address the cost of living,” Orlando said. Top economic headlines, all in one place “No major tax measures are expected to be unveiled, though (the) government will likely continue to tout previously announced changes, including to the alternative minimum tax.” Don Drummond, a professor at Queen's University and former chief economist at TD Bank, said in an interview with BNN Bl Show less Read more
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