We recently published a list of 7 Cheap Canadian Stocks To Invest In. In this article, we are going to take a look at where Toronto-Dominion Bank (NYSE:TD) stands against the other cheap Canadian stocks to invest in.
According to the report Economic Outlook Canada Q4 2024 by S&P Global on September 24, Canada’s economy has been showing signs of improvement recently, but the growth is expected to remain below the country’s potential. The country’s GDP growth is expected to be 1.2% in 2024, which is a modest increase from the previous year. However, this growth rate is still short of the country’s potential growth rate of 1.8%, indicating that the economy is not growing at its full capacity.
The labor market also shows signs of softening, with weaker hiring and rising unemployment. This is a cause for concern, as a strong labour market is essential for driving economic growth. The unemployment rate is expected to rise to 7% by…
