04:14:20 EDT Fri 09 May 2025
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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,752,199,422
Close 2025-03-03 C$ 86.41
Market Cap C$ 151,407,552,055
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Globe says TD ex Drummond rolls eyes over Harper letter

2025-03-04 07:11 ET - In the News

The Globe and Mail reports in its Tuesday edition that former Conservative prime minister Stephen Harper has accused Liberal leadership front-runner Mark Carney of falsely claiming credit for managing the 2008 financial crisis. The Globe's Robert Fife and Stephanie Levitz write that in a fundraising letter Monday to Conservative Party faithful, Mr. Harper took direct aim at the former Bank of Canada governor who during the Liberal leadership campaign has played up his role in navigating the 2008 financial crisis alongside Mr. Harper and Jim Flaherty, who was then the finance minister. "I have listened, with increasing disbelief, to Mark Carney's attempts to take credit for things he had little or nothing to do with back then," he said. Mr. Harper appointed Mr. Carney to lead the bank in February, 2008. Economists say Mr. Carney played a key role in helping Canada weather the financial crisis. Former TD Bank economist Don Drummond said Mr. Carney was first out of the gate with monetary policy to shore up Canada's economy. "It's kind of hard to get worked up about, you know, somebody did a better job than somebody else. Monetary and fiscal policy worked quite well together," said Mr. Drummond, now at Queen's University.

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