TD Bank cutting 2% of workforce, posts Q2 profit
Adjusted earnings slip as bank boosts credit loss provisions and reports lower U.S. retail profits
- By: Ian Bickis, The Canadian Press
- May 22, 2025 May 22, 2025
- 10:03
Adjusted earnings slip as bank boosts credit loss provisions and reports lower U.S. retail profits
The unemployment rate held at a healthy 4.2% in April
Investment board eyes new prospects for large-scale domestic infrastructure and long-term growth
Globally, exports rose 2% year on year, down from 4% in March
Jump in energy and water bills drives inflation to 3.5% in April
Core inflation accelerated to top 3% in April, despite a drop in headline CPI
Credit card balances rise, driving faster debt accumulation
Canada and the U.S. retreat on climate disclosure rules amid global momentum
Just two Canadian active managers maintained top-quartile performance in each of the last five years
End of the consumer carbon price drove gas costs down, but grocery prices continued to climb
U.S. attacks on academia provide an opportunity to bolster R&D in Canada
The consumer price index fell 0.1% and industrial production slowed in April
“Market conditions really took a hit when they started having these trade discussions,” says Re/Max Canada president
The Yale Budget Lab estimates that Trump will move the average U.S. tariff rate to 17.8%, the highest it's been since 1934
Eurozone growth forecast cut to 0.9%; risks "are tilted to the downside," says economy commissioner
Fallout from flighty U.S. policy starting to show up in economic data
Only 13% of survey participants said they’ve planned for PSW care
Trump’s tariffs fuel concerns about slower growth and higher prices
Economists cut global growth outlook to 2.4% in 2025
Economy contracted 0.7% in Q1 after recording growth of 2.4% in last year's final quarter
Province boosts spending to counter U.S. trade pressure
Sales slump in metals and energy while furniture sales rise: Statistics Canada