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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,644,815,685
Close 2026-08-27 C$ 167.84
Market Cap C$ 276,065,864,570
Recent Sedar+ Documents

Globe says RBC, TD, CIBC signal smooth sailing ahead

2026-08-28 07:12 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Friday edition that RBC, TD and CIBC posted profits that topped analysts' expectations and signalled that the country's economy can withstand tariff upheaval, bucking concerns over mounting trade and geopolitical uncertainty. The Globe's Stefanie Marotta writes the trio reported boosts in profit, capping off a week when each of the country's six biggest banks beat estimates. RBC chief executive officer Dave McKay said the bank's clients are continuing to spend and invest, and loan delinquencies have remained manageable. While the recently announced U.S. tariffs could dampen Canada's economic growth, the effective tariff rate on Canada remains low, more than 80 per cent of U.S.-bound exports remain duty-free and Ottawa announced significant support packages to bolster the economy. CIBC's chief risk officer Frank Guse said the bank's clients with the most exposure to tariffs represent less than 1 per cent of the bank's loan portfolio. TD's chief risk officer Ajai Bambawale said the bank has set aside about $500-million in provisions for policy and trade risks, but expects total provisions for credit losses at the end of the year to meet the lower end of its previously forecasted range.

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