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.
Stockhouse Conflict and Disclosure Policy:
Stockhouse publishing Ltd., owners and operators of Stockhouse.com, has established
the following rules to ensure that there is no appearance of impropriety on the
part of any Stockhouse Editorial writers ("Writers"). The content of Stockhouse
Editorial articles (the "Articles") are the opinion of the Writer and any reliance
on the content of these articles is at your sole risk. Our Writers are not registered
investment advisors. You should not make any kind of investment decision in relation
to Articles or stocks discussed in them without obtaining advice from a registered
Facts relied upon by our Writers are generally provided by the subject companies
or gathered by our Writers from other public and/or private sources. These facts
may be in error and if so, the opinions of our Writers may be materially different.
Writers may own, buy, or sell shares in public companies mentioned in their Articles,
but in the Article they must prominently state their ownership position. Thus, a
conflict may exist. Writers are not permitted to write Articles that attempt to
benefit persons connected to the Writer, such as family or friends, except where
disclosure is made in the same way as if the Writer him/herself owns stock.
Writers cannot solicit, accept, or agree to receive anything of value given or paid
with the intent of influencing their Articles.
Stockhouse notifies each Writer about these rules, and we rely on the integrity
of our Writers to ensure that our rules are followed.