19+ hour, 28+ min ago   (226+ words) Beata Caranci, Senior Vice President & Chief Economist Derek Burleton, Deputy Chief Economist | 416-982-2514 If policymakers get it right and lean more heavily into creating a pro-competitive environment, the investment outlook could be in for a series of upgrades that defies recent…...

2+ day, 18+ hour ago   (363+ words) TD Economics U.S. Tariffs Go Ahead, Canada Plans Counter-Tariffs Andrew Hencic, Director & Senior Economist | 416-944-5307 U.S. Tariffs Take Effect, Canada to Retaliate - U.S. tariffs of 50% on roughly 5% of Canadian exports took effect on Saturday (see commentary). - Canadian Prime Minister, Mark Carney, has stated new…...

6+ day, 16+ hour ago   (335+ words) The pickup in investment has translated into stronger corporate financing needs. Businesses are increasingly turning to banks and capital markets to fund expansion, with C&I lending and corporate bond issuance accelerating. Increased borrowing is being supported by more accommodative…...

1+ week, 6+ day ago   (787+ words) TD Economics Is the U.S. Manufacturing Rebound Real? Andrew Foran, Economist | 416-350-8927 - The manufacturing rebound is real, but headline shipment growth overstates the underlying improvement once price effects are stripped out. - Real output gains remain concentrated in transportation equipment, defense-related production, and…...

2+ week, 18+ hour ago   (514+ words) Maria Solovieva, CFA, Economist | 416-380-1195 Andrew Hencic, Director & Senior Economist | 416-944-5307 The reassuring part for the outlook is that as the national unemployment rate has started falling, so has the youth unemployment rate. The expectation is that younger workers should benefit disproportionately…...

2+ week, 1+ day ago   (589+ words) TD Economics Rishi Sondhi, Economist | 416-983-8806 - Ontario’s economy is facing some of the stiffest headwinds in the country, including weak labour markets, tariff exposure, soft homebuilding and elevated household debt pressures. - Still, several offsets are preventing a significant worsening in the…...

3+ week, 1+ day ago   (113+ words) TD Economics Oil Markets Have Bought Time, Marc Ercolao, Economist | 416-983-0686 - Oil prices remain hostage to geopolitics as markets continue to swing between de-escalation hopes and renewed shipping disruptions. - The oil market has leaned on several mechanisms to absorb the shock....

3+ week, 6+ day ago   (449+ words) Canada’s economy has contracted for two consecutive quarters, sparking debate over whether it has entered a “technical recession.” That label fails to capture the nature of the current cycle. Recessions are judged by their depth, duration, and diffusion. Canada has…...

4+ week, 2+ day ago   (165+ words) Marc Ercolao, Economist | 416-983-0686 Recent federal–Alberta developments have advanced two intricately linked initiatives: a proposed West Coast oil pipeline alongside a parallel emissions reduction strategy in the oil sands. Pembina’s role is best understood as an early strategic investor and…...

1+ mon, 5+ day ago   (713+ words) TD Bank The Stationary U.S. Trade Deficit: Commodity Tailwinds, AI Headwinds, & Price Distortions Andrew Foran, Economist | 416-350-8927 - The U.S. trade deficit has remained broadly unchanged over the past year, but only because temporary commodity export tailwinds have offset a stronger increase in AI-related…...