TD Bank Financial Group

Canadian Highlights The Canadian dollar firmed against the USD, gaining over 1.0% and is currently sitting at 72.7 cents U.S. in this holiday shortened week. April data for Canada’s economy were generally healthy, suggesting Q1’s solid momentum continued into the […]

Canadian Highlights The Federal government is foregoing its usual spring Budget, but is pushing forward with election promises. The Ontario government expects to run a deeper FY 2025/26 deficit as economic relief clashes with a softening revenue outlook. Canada’s housing

Retail and food services sales were little changed in April, edging up by just 0.1% month-on-month (m/m). The pause in activity in April comes after an outsized gain in March, which was revised higher to 1.7% m/m (previously 1.5% m/m).

Canadian Highlights Canadian monthly employment data are notoriously volatile, but the trend since January has been toward softer job creation and a rising unemployment rate. Data show an increased share of Canadian goods heading to the U.S. in March were

Canadian Highlights Canadian economic data are giving a glimpse of what could be in store for the rest of 2025, with weak consumer activity and higher inflation at the forefront. Housing sales dropped by the largest amount since the Bank

Canadian Highlights Markets were on edge this week as the U.S. followed through on its 25% tariffs on steel and aluminum imports. Trade tensions haven’t fully translated into economic data yet. Canadian household wealth rose for the fifth consecutive quarter

The Bank of Canada (BoC) cut its policy rate by another 25 basis points today, to 2.75%. This is the seventh straight meeting that the bank cut rates. The bank’s outlook recognized that the “economy entered 2025 in a solid

Canadian Highlights Trump made good on his 25% tariffs threat against Canada and Mexico this week. In the end it only lasted 72 hours, but the rollercoaster gave markets a fright. Canada’s goods trade balance with the U.S. widened substantially

The U.S. economy added 151k jobs in February, only a touch below the consensus forecast of 160k. Payroll figures for December 2024 were revised higher by 16k (to 323k), while January was revised lower by 18k (to 125k), resulting in

Canada’s merchandise trade balance widened from a revised $1.7 billion in December to $4.0 billion in January. This marked the largest surplus since May 2022. Merchandise exports jumped 5.5% month-on-month (m/m), following a 6% monthly gain in December. Exports of