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Stock impact report

TD Bank Stock: Buy Now or Wait? [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
TD Bank TSX:TD ) had a rough ride in 2024, but the stock is up 12% so far in 2025. Investors who missed the bounce are wondering if TD stock is still undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividends and long-term capital gains. TD Bank share price TD trades near $86 per share at the time of writing. That's up from the 12-month low of around $73 but is still way off the $108 the stock reached in early 2022 before things started to go south for TD investors. The initial decline that occurred in 2022 and through much of 2023 can be attributed to aggressive rate hikes in Canada and the United States. TD has a large retail banking presence in both countries. The Bank of Canada and the U.S. Federal Reserve raised interest rates to get inflation under control by slowing down an over-heated post-pandemic economy. Higher interest rates are usually positive for banks as they enable the bank Show less Read more
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