01:53:24 EDT Mon 29 Apr 2024
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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,781,900,074
Close 2024-01-11 C$ 80.80
Market Cap C$ 143,977,525,979
Recent Sedar Documents

FP says CIBC, rivals hear optimism on the rise

2024-01-12 08:45 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The Financial Post reports in its Friday edition that Canadians appear to be riding a wave of optimism about the economy and their personal financial prospects, says a survey tracking households' views. The Post's Gigi Suhanic writes that the December edition of the Maru Household Outlook Index found almost 40 per cent of Canadians say the economy will improve over the next two months -- that is up from 37 per cent in November and 33 per cent in October. At the same time, fewer households reported their financial position has worsened. Maru Public Opinion vice-president John Wright attributes the uptick in the outlook to a sense of "stability and predictability" people have taken from the Bank of Canada's pause on interest rates. The BOC has held rates at its previous three meetings after raising them to 5 per cent in July. Mr. Wright says: "What they did was give people a chance to organize their lives. Consumers crave predictability and stability. You want to know what you can manage." Mr. Wright says the possible "reward" of interest cuts this year has also likely lifted moods. While the survey results bore some green shoots, the Maru Household Outlook Index remains in pessimistic territory.

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