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Stock impact report

Stocks are plunging and that may only be the start of the pain for Canadian consumers [Yahoo! Finance]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
“This is the biggest realignment in global trade ever,” said Walid Hejazi, an associate professor of international business at the Rotman School of Management. Here's a look at the risks facing consumers. U.S. stock markets have shed a staggering US$6.4 trillion in market capitalization in just two days, according to The Wall Street Journal. On Thursday, after reciprocal tariffs were announced, the S&P 500 index fell five per cent, its biggest one-day drop since 2020 and followed that up with a bigger decline on Friday. China soon retaliated to Trump's reciprocal tariffs (he slapped tariffs of 34 per cent on the nation) with matching levies on all imported goods from the U.S., which only rattled the market further. The S&P 500 was down more than 17 per cent from its mid-February high on Friday. Canadian stocks are deep in the red as well, down about four per cent on both Thursday and Friday. In the meanwhile, multiple brokerages, including UBS Group AG and Royal Bank of Can Show less Read more
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