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0.000639211030956015 0.000821842754086416 0.000639211030956015 0.00100447447721669 0.00118710620034696 0.00164368550817283 -0.00100447447721669 -0.00118527988311572
Stock impact report

Bank of Canada's early rate cuts could boost economy [Wealth Professional (Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Toronto-Dominion Bank economist James Orlando stated that the Bank of Canada's decision to cut interest rates ahead of the US Federal Reserve will lead to a “big tailwind” for the Canadian economy, according to the Financial Post Canada's economy is expected to grow by 0.9 percent this year, significantly lower than the US projected growth of 2.3 percent, based on a Bloomberg survey of economists. Canadian consumers are more affected by interest rates due to higher average debt levels and more frequent mortgage rate resets compared to US households. Orlando highlighted the importance of rate cuts for Canada during an interview on BNN Bloomberg Television. He noted that reducing mortgage payments would allow Canadians to use more of their disposable income for other purposes, helping to narrow the economic growth gap between Canada and the US. The Bank of Canada recently lowered the overnight interest rate to 4.75 percent, marking the first cut in over four years, and indicate Show less Read more
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