Skip to main content
Canada
US
Global
Français
Forecasts
Financial Markets
Economy
Commentaries
Government Finance & Policy
Labor
Real Estate
Consumer
Trade
Business Investment
State & Local Analysis
Commodities & Industry
Future Ready Economy
Media
TD Economics
Analysis covering the globe
Feature
Latest Research
North American Auto Outlook 2025: Trade Headwinds to Stall Industry
At the start of 2025, the automotive industry was looking forward to another year of healthy sales growth, aided by affordability improvements from lower financing costs and continued solid gains in real household income. However, less than halfway through the year we have seen several aggressive trade policies announced by the new U.S. administration which are expected to weigh on the outlook over the coming years.
May 28, 2025
Latest Research
The First 100 Days: Dazed and Confused
It’s been a whirlwind for forecasters, reminding me of the pandemic days when we were reviewing forecasts every couple of weeks to catch up to policy announcements without a historical reference for what was going to come next. We’ve learned a lot in the first 100 days: The first is that tariffs will remain the economic weapon of choice on a scale greater than anything in recent history. The second lesson is that regardless of whether the Administration back-peddles on initial tariff threats, th
May 23, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
The policy shifts and flips in the first 100 days of the Trump administration have kept forecasters and financial markets on their toes. The administration has moved quickly on multiple fronts, with the unprecedented spike in U.S. tariffs having rippled within equity markets, treasury yields and the U.S. dollar, only now to move in the other direction despite ongoing risks on the tariff front. Once again, this quarter's Q&A is dominated by the potential impacts
May 14, 2025
Latest Research
Clipped Wings: Impact of Reduced Tourism on the U.S. Economy
The dramatic policy shifts by the new adminsitration in Washington appear to be having a notable impact on travel. Both domestic and international travel are showing signs of strain. Evolving U.S. policies and stricter border security have prompted travelers to cancel or delay their trips, with overseas arrivals to the U.S. were down by about 12% year-over-year in March, with reductions observed across most regions.
May 12, 2025
Trending
U.S. Cuts Its First Trade Deal With UK – More Symbolic than Economic
Upon learning that the U.S. had reached a "full and comprehensive" trade agreement with the UK this morning, financial markets let out a sigh of relief. This marks the first deal since the large reciprocal tariffs were placed on all U.S trading partners a month ago.
May 08, 2025
Previous
Next
Updated Publications
Updated Publications
Weekly Bottom Line
May 23, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
May 14, 2025
Updated Publications
Long-Term Forecast
March 21, 2025
Updated Publications
State Economic Forecast
March 20, 2025
Previous
Next
Updated Publications
Weekly Bottom Line
May 23, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
May 14, 2025
Updated Publications
Long-Term Forecast
March 21, 2025
Updated Publications
State Economic Forecast
March 20, 2025
View more updated publications
Latest Research
Latest Research
North American Auto Outlook 2025: Trade Headwinds to Stall Industry
May 28, 2025
Latest Research
The First 100 Days: Dazed and Confused
May 23, 2025
Latest Research
Clipped Wings: Impact of Reduced Tourism on the U.S. Economy
May 12, 2025
Latest Research
WATCH: Maria Solovieva discusses the U.S. Fed's decision to hold rates steady and the growing economic uncertainty with MoneyTalk
May 07, 2025
Previous
Next
Latest Research
North American Auto Outlook 2025: Trade Headwinds to Stall Industry
May 28, 2025
Latest Research
The First 100 Days: Dazed and Confused
May 23, 2025
Latest Research
Clipped Wings: Impact of Reduced Tourism on the U.S. Economy
May 12, 2025
Latest Research
WATCH: Maria Solovieva discusses the U.S. Fed's decision to hold rates steady and the growing economic uncertainty with MoneyTalk
May 07, 2025
View more latest research
Commentaries
Commentaries
U.S. FOMC Meeting Minutes (May 6-7, 2025)
May 28, 2025
Real Estate
U.S. Existing Home Sales (April 2025)
May 22, 2025
Real Estate
U.S. Housing Starts and Permits (April 2025)
May 16, 2025
Consumer
U.S. Retail Sales (April 2025)
May 15, 2025
Previous
Next
Commentaries
U.S. FOMC Meeting Minutes (May 6-7, 2025)
May 28, 2025
Real Estate
U.S. Existing Home Sales (April 2025)
May 22, 2025
Real Estate
U.S. Housing Starts and Permits (April 2025)
May 16, 2025
Consumer
U.S. Retail Sales (April 2025)
May 15, 2025
View more commentaries
