Canadian economist warns of looming recession risk amid global turmoil [BNN Bloomberg (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: BNN Bloomberg
“We've already had a bit of a taste of this,” said Don Drummond, former chief economist of TD Bank, in an interview with CTV News Channel on Sunday. He pointed to flat employment growth in February and the recent loss of 33,000 jobs in March, stating, “I think that's a precursor of weakness we're going to have, particularly in the automobile sector.” Drummond also expressed concerns that the global economic slowdown could deepen, leading to widespread job losses in Canada. “We've been fortunate in the last couple of years. Our unemployment rate, by historical standards, has been quite low, below 7 per cent, but in past recessions, it has typically gone above 10 per cent and stayed there for quite some time,” he said. Drummond warned that Ontario alone could lose as many as half a million jobs if a recession takes hold. “I don't think that's a far-fetched possibility,” he said, noting that the impact south of the border would also be significant, partly due to a reduction in
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TD
Earnings
- 12/4/25 - Beat
TD
Sec Filings
- 12/19/25 - Form 424B2
- 12/19/25 - Form 424B2
- 12/19/25 - Form 424B2
- TD's page on the SEC website