TD Forecasts Growth by Late 2020

TD Forecasts Growth & Home Price by Late 2020

https://www.youtube.com/watch?v=UWc0DQL7Dbc&feature=youtu.be

In addition to video, more update from TD Update below:

Canadian Highlights
Employment numbers beat all expectations, with a net 290k jobs gained in May compared to market expectations of a 500k drop. While the labour market has strengthened compared to the lows seen in April, it remains considerably weak compared to the same period last year.
Equities continued their upward trend as the labor market strengthened and restrictions eased. Oil prices also continued their recovery on the back of easing global lockdowns and historical oil output cuts.
CMHC has taken several steps to tighten mortgage qualification rules. These measures come at an awkward time and could further slowdown economic activity.

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