Post-pandemic government restraint needed: CD Howe [Advisor.ca (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Advisor.ca
iStockWith government debts soaring due to efforts to cushion the economic disruption caused by Covid-19, Don Drummond, former chief economist at TD Bank, warns that the government must be prepared to tighten the purse strings in the years ahead.In a paper published by the C.D. Howe Institute, Drummond, who’s now a senior fellow at the Toronto-based think-tank, sets out four possible scenarios for federal deficits and debt over the next 10 years, and argues for fiscal restraint to return government finances to a more sustainable situation.“The cost of dealing with Covid-19 will be passed forward to future generations if the debt burden were to remain at today’s pandemic-bloated level,” Drummond said.Limiting future debt accumulation will require governments to curb their ambitions.For instance, Drummond said that plotting a return to the government’s pre-pandemic fiscal position and a 30% debt-to-GDP ratio is “incompatible” with the plans laid out in the government’s latest throne spe
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News
- Statistics Canada reports February retail sales down 0.1% to $66.7 billion [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canada's retail sales flatlined in the first quarter of 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada's Retail Sales Flatlined in the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- TD Courts Foreign Students Amid Canada's Cap on Study Permits [Financial Post (Toronto, Ontario, Canada)]Financial Post
- TD and ApplyBoard Collaborate to Support International Students Pursuing Studies in Canada [Yahoo! Finance]Yahoo! Finance
TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- TD's page on the SEC website