02:17:12 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,814,320,248
Close 2022-09-23 C$ 84.37
Market Cap C$ 153,074,199,324
Recent Sedar Documents

Globe says TD, rivals hear survey hints at BOC findings

2022-09-26 08:04 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Monday, Sept. 26, edition that Modus Research's soon-to-be released survey of Canadian business shows that rising costs from inflation are about to take a deep bite out of private-sector spending in key areas that promote future economic expansion. The Globe's David Parkinson writes that rising costs from inflation are about to take a deep bite out of private-sector spending in key areas that promote future economic expansion. The polling of 600 businesses -- conducted in late August and early September -- found that 70 per cent of companies expect that inflation will prompt them to cut costs over the next year. Nearly half said they intend to reduce investment on new equipment, 35 per cent said they plan to cut research and development. One-third said they would cut back on hiring. It suggests that high inflation is becoming embedded into companies' future plans. The Bank of Canada has repeatedly warned that once higher inflation expectations become entrenched in business and consumer expectations, it becomes much more difficult to bring down to size. The Modus numbers hint at what we might see in the BOC's own quarterly business outlook survey, which comes out Oct. 17.

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