04:12:12 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,752,199,422
Close 2025-02-25 C$ 85.27
Market Cap C$ 149,410,044,714
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Globe says TD hears call to revive Victory Bonds

2025-02-25 08:28 ET - In the News

The Globe and Mail reports in its Tuesday edition that it is time to revive Canada Savings Bonds. The Globe's Rob Carrick writes that CSBs were eliminated -- you could say euthanized -- in 2017. It is time to bring them back to productively harness today's patriotic Buy Canada movement. In the two world wars, Victory Bonds raised billions of dollars to cover the cost of military operations. Trade threats from the United States and comments from the President about annexation raise questions about our ability to defend our economy and sovereignty. A Canada Savings Bonds relaunch would be a way to raise money to build Canadian independence. The funds could be put toward the cost of projects such as pipelines to get Western energy to the East Coast, an Arctic military base and ice breakers, or high-speed rail in Central Canada. The goal of this spending would be to make Canada more productive and self-sufficient. In a recent summary of where the economy is now, TD Economics said there is $153-billion more in savings than there was before the pandemic. This money is mainly held by financially fortunate households who found themselves spending less during the pandemic. Some of it could help support the economy in a trade war.

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