Pressure building on Bank of Canada: What economists say about slowing GDP [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
Statistics Canada is predicting gross domestic product growth will be flat in March after data released Tuesday showed the Canadian economy slowed more than expected in February. On a month-over-month basis, GDP was up just 0.2 per cent in February, missing analyst estimates for growth of 0.3 per cent and the data agency's advance estimate of 0.4 per cent. Year over year, GDP grew 0.8 per cent, well off expectations for a 1.1 per cent expansion. Article content Article content The national data agency also revised January GDP growth down to 0.5 per cent from 0.6 per cent. Here's what economists are saying the latest numbers mean for the economy, the Bank of Canada and the path of interest rates Slowing momentum: CIBC “Momentum in the Canadian economy appears to have faded quickly as the first quarter progressed,” Andrew Grantham, an economist with CIBC Economics, said in a note. Despite the slowdown, Grantham estimates that the economy is on track to grow at a 2.5 per
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- 2/29/24 - Beat
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- TD's page on the SEC website