Canada is having a much better crisis than the U.S., though some fret about debt and deficits [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
You’ve likely heard the cliche that when the United States sneezes, Canada catches a cold. What if that no longer happens? What if both get sick, but Canada gets better sooner because it has a stronger immune system? Beata Caranci, chief economist at Toronto-Dominion Bank, and Sri Thanabalasingam, a member of her team, have dug into employment data and determined that U.S. recessions in 2001 and 2008-09 were actually harder on Americans than Canadians, upending conventional wisdom about the North American economy. The same is true so far of the COVID-19 crisis: Canadian employment in September was 3.7 per cent below its pre-pandemic level, while the gap in the U.S. was about seven per cent. That’s enough for economists at Canada’s second-biggest bank to conclude that it’s time to check our assumptions. “In a world of simple analysis, three times is a trend,” they said in their report, which was published on Oct. 20. Trudeau is preparing to test Canadians’ tolerance for more red ink Th
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TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- 4/18/24 - Form FWP
- TD's page on the SEC website