January 16, 2025
TD Credit and Debit Card Spend Report: Consumers Regained Their Spending Mojo, but Tariffs Cloud 2025 Outlook
The latest TD debit and credit card spending data point to growing momentum, reinforcing a solid outlook for consumer spending. December data show spending growth accelerated to 7.2% year-on-year, up from November’s 4.0% and October’s 5.8%.
November 20, 2024
Mortgage Holders Have Moved Away From The Cliff Edge
Our analysis suggests that mortgage renewals are going to be less stressful for households than previously feared, with aggregate payments on Canadian mortgages poised to decline for balances outstanding as of mid-2024. The key factors behind this expected easing are lower interest rates and increased payments, which have helped to front-load the payment shock.