Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents [Financial Post (Toronto, Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Financial Post
Headwinds are mounting for the Canadian dollar with the greenback on a tear and the Bank of Canada looking set to cut rates before the Federal Reserve Article content “The U.S. dollar is flying high,” said TD Economics. Unlike other economies, the United States has largely resisted the gravitational pull of higher interest rates , staying on stronger footing than its peers. Article content With the Fed in no hurry to cut rates while other countries near the finish line, the U.S. dollar has surged in the past four months. “With markets punting out Fed cuts but not doing the same for other countries, the U.S. dollar's strength has no challenger until a pivot occurs in economic dynamics between countries or a geopolitical shift takes hold,” wrote Toronto Dominion Bank chief economist Beata Caranci and senior economist James Orlando in a recent report. The greenback's ascent has left other currencies swirling in its wake. The pound, euro and Canadian dollar are all down bet
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- 2/29/24 - Beat
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- 5/17/24 - Form 424B3
- TD's page on the SEC website