Bank of Canada makes surprise 50-basis-point cut, says ready to do more [Reuters]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Reuters
Bank of Canada makes surprise 50-basis-point cut, says ready to do more OTTAWA (Reuters) - The Bank of Canada cut its overnight rate by 50 basis points to 0.75% on Friday, its second half-point cut in nine days, as the government pledged C$10 billion ($7.2 billion) in credit support for businesses to stave off a potential recession amid the coronavirus outbreak. Canada ramped up its response to the fast-spreading disease on Friday, advising citizens against non-essential foreign travel and promising “significant” financial aid for Canadians, which Finance Minister Bill Morneau said would be presented next week. Bank of Canada Governor Stephen Poloz and Morneau held an unprecedented joint press conference to announce the policy changes. “This unscheduled rate decision is a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil prices,” the bank said in a statement. “As the situation evolves, Govern
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TD
News
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TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- TD's page on the SEC website