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A Note from our Chief Economist


It is often said that if you want to throw a fun party, never invite economists!

If you don’t know why, just sit through an advance econometrics class and it’ll become clear. However, I work with a group of economists who break the mold. They’re inquisitive, energetic and wonderful communicators. I oversee our forecasting group for Canada, the U.S. and international economies. As a result, there is no such thing as a boring day, especially during these turbulent times. Part of what makes this career exciting and interesting is having the opportunity to work extensively with colleagues across TD from diverse functional areas. At the same time, I spend a significant amount of time meeting with external TD clients, addressing their economic concerns. In many respects, I have the benefit of a career that bridges the life of business and academics. TD Bank supports economic research within an array of topics, from traditional economic forecasting to public policy initiatives on women labour market issues to climate change policies.

Welcome to our website and feel free to download and circulate any articles of interest. As you'll see, the research is broad reaching in a global economy where the field is wide open!

Beata Caranci

Chief Economist and Senior Vice-President of TD Bank Group


Leadership at TD Economics

Beata Caranci

Beata Caranci


Beata Caranci
is the Chief Economist and Senior Vice President for TD Bank Group. She leads three economic teams that deliver forecasts, presentations, and research for TD clients; meet regulatory requirements across Canada and the U.S.; and research policy prescriptions on environment and social issues. 

Beata serves on several committees, including the C.D Howe's Monetary Policy Council and the American Bankers' Economic Advisory Council.

As a passionate supporter of TD’s diversity initiatives, Beata's report, “Get on Board Corporate Canada,” helped influence the Ontario Securities Commission’s rule amendments on disclosure of women on boards. Beata's distinguished evidenced-based research combined with the breadth of her role as Chief Economist for TD Bank also earned the Professional category award by WXN's Canada's Most Powerful Women.

Derek Burleton

Derek Burleton


Derek Burleton
 is Vice President and Deputy Chief Economist for TD Bank Group.  In his role, he leads a team of economists that provides leading analysis on the Canadian and U.S. economies.  Each year, he travels extensively across Canada and the U.S., speaking at more than 75 events on economic and financial developments.  As a respected commentator, Derek has been quoted by many media outlets – including the London Financial Times and the Economist. He also is frequently interviewed on the radio and television.

Derek maintains a strong interest in public policy issues, and has written substantive reports on health care sustainability, education and immigration reform. He participates in a number of advisory and steering committees both internal and external to TD Bank Group. 

Derek Burleton received his Bachelor of Commerce from Queen’s University and an M.Sc. in Economics from the London School of Economics. Derek has more than 20 years of experience as an economist in the financial industry.