The bank said overall economic growth and job creation will remain sub-par in the short run, before picking up in 2013.
Toronto-Dominion Bank (TSX: T.TD, Stock Forum) economists say Canada’s economy is stuck in a soft patch this year, as fatigued households and debt-laden governments have recently been shifting their attention to restraint.
In a report titled “Canadian Outlook: Caught in the Middle,” the TD Bank said overall economic growth and job creation will remain sub-par in the short run, before picking up in 2013.
Trading at $81.60 on Tuesday, TD Bank has a market cap of $75 billion, based on 913.8 million shares outstanding. The 52-week range is $85.85 and $68.13.
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