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Stock impact report

Posthaste: Bank of Canada could go either way this week as Trump's tariff turmoil takes toll [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
The uncertainty is understandable, considering the volatility U.S. President Donald Trump's tariff war has unleashed on economies, stock markets and central bank policy makers. According to a Reuters poll taken last week, just over 60 per cent of economists expect the Bank of Canada to hold its overnight rate at 2.75 per cent this Wednesday. Eleven out of 29 expect a cut of 25 basis points. Markets are also tilted towards a pause with bets on a rate cut now at 32 per cent, down from 40 per cent since Trump's latest tariff pullback last week. “The door is certainly open for the bank to trim the policy rate by another 25 bps as a precautionary measure, a view we are leaning toward,” said Marc Ercolao, an economist with Toronto Dominion Bank . “That said, taking a pause is still a potential option.” Canada's central bank confirmed in its summary of deliberations recently that the threat of Trump's tariffs on the economy prompted policy makers to cut the interest rate in March. B Show less Read more
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