23:39:37 EDT Mon 30 Jun 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
National Bank of Canada
Symbol NA
Shares Issued 391,534,551
Close 2025-06-16 C$ 135.94
Market Cap C$ 53,225,206,863
Recent Sedar Documents

FP says TD, rivals hear recession warning signs growing

2025-06-16 08:38 ET - In the News

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

The Financial Post reports in its Saturday, June 14, edition that President Donald Trump's tariffs are dampening manufacturing and wholesale sales in Canada, raising concerns among economists that growth forecasts may be at risk and could signal a potential recession. The Post's Gigi Suhanic writes that in April, manufacturing sales dropped 2.8 per cent and wholesale sales fell 2.3 per cent from March, according to Statistics Canada, significantly worse than analysts' expectations of a 2-per-cent and 0.9-per-cent decline. Statscan said, "Feedback from respondents highlighted the impact of the recent tariffs imposed by the United States on Canada's manufacturing sector." Rosenberg Research & Associates founder David Rosenberg says, "The implications for April and second quarter GDP are squarely negative and recession risks are alive and well." CIBC economist Andrew Grantham says the data suggest that GDP growth for April will be downgraded from a "surprisingly positive" first estimate of 0.1 per cent, and could be the prelude for second quarter growth "tracking flat." First-quarter GDP growth came in at 2.2 per cent, ahead of estimates for 1.7 per cent.

© 2025 Canjex Publishing Ltd. All rights reserved.