TD Bank Financial Group

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

Canadian Highlights President Trump signalled that broad-based tariffs on Canadian exports will come into effect on March 4th. The wait is on to see if they are indeed implemented. If enacted, these tariffs would hit just when the economy is

Markets President Trump seriously shook up a growth-focused market with some renewed tariffs threats. A nasty equity sell-off, compounded by tech heavyweight Nvidia, ended up in declines of almost 3% on Wall Street yesterday. It resulted in a break lower