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National Bank of Canada
Symbol NA
Shares Issued 391,289,273
Close 2025-05-29 C$ 133.57
Market Cap C$ 52,264,508,195
Recent Sedar Documents

FP says TD, rivals hear tariffs cloud business outlook

2025-05-29 08:58 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Financial Post reports in its Thursday, May 29, edition that uncertainty in Canada's business sector has increased recently due to U.S. tariffs on Canadian goods, according to Statistics Canada's quarterly survey. The Post's Denise Paglinawan writes that business optimism has declined, with only 70 per cent of businesses feeling very or somewhat optimistic about the next 12 months, the lowest since early last year. The survey revealed that over a quarter of businesses plan to raise prices in the next three months, and many anticipate challenges related to costs and labour. High operational costs were the primary factor limiting business growth for 26 per cent of companies, while 15.5 per cent cited work force skill shortages as the main limiting factor. A survey found that 18.1 per cent of Canadian businesses expect significant effects from U.S. tariffs on their goods. The transportation and warehousing sector is most affected, with 40.4 per cent anticipating a high impact. About 27.9 per cent of businesses expect U.S. tariffs to have no effect, 17.5 per cent foresee low effects, and 16.4 per cent anticipate medium impacts. Additionally, 20 per cent are unsure of the tariffs' effects.

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