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Stock impact report

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
“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. 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. ADVERTISEMENT The greenback's ascent has left other currencies swirling in its wake. The pound, euro and Canadian dollar are all down between four and five per cent in the past nine months, they said. So how far could the Canadian dollar fall? Since the summer of 2022, when the Fed caught up to the Bank o Show less Read more
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