Swot Analysis Of Td Bank

Company description

Td is a profitable public financial service company. And they are apart of the banking industry of

Canada. In 1855 the bank of Toronto was founded by millers and merchants. And shortly after the bank of dominion opened their first branch in 1871. Then in 1955 the two banks came and merged into what is known today as the Toronto Dominion Bank. So now that they have been merged the bank has been around for 62 years. Currently TD bank has around 80,000 employees North America wide. What TD bank provides for their customers on a daily basis is financial products and financial services(Ex, Bank accounts, insurance plans and loans) Everyone in need of financial services. It could be small or medium corporate customers or

Some of the main competition T.D faces in Canada is Royal Bank of Canada, Bank of Nova Scotia and The

Bank of Montreal. And some the main competition T.D faces in the U.S is Bank of America and

Wells Fargo. The economic outlook for T.D hasn’t been the best in 2016. With the fires in Fort

MucMurry in Alberta and with weak international trade with other countries. It has resulted in a 1.6 percent decrease in Canadas economic output in the second calendar quarter of 2016. But as time progressed throughout the year and with the continued activity in the oil and gas sections. Along with good improvements with international trade it is expected to result in a solid recovery of economic growth around 3 percent in the third quarter. But Canadas overall growth rate is forecasted to be mediocre at best in 2016 they are projected to be at a 1.1 percent growth rate as a whole. The overall growth may be slow but indivual

But it has since picked up and the gross domestic product has risen 2.9 percent in annual rates from July to September 2016 period. Also

3 quarters the economic activity expanded by an average of 1 percent. This has been the most growth in the recent period across all wide spread categories. Higher distribution indicators for example growth in hiring and wages are leading to a better economy. U.S consumers are projected to continue their massive spending and outpace the overall economic growth in the future quarters to come. They will also be supported by a functioning labour market. Residential construction is forecasted to have a positive impact on growth and economic activity. The good demand and lack of inventory also the improvement in recent data has suggested that the recent pull back in the sector has come to an end. As the adjustment process continues in Canada. External demand for Canadian goods and services should be able to give Canada some peace of mind until 2018 when healthy growth and a better economy is forecasted. The early 2016 performance was bad but export volumes have recovered a little. Also the growth in the U.S should help Canadian exports going into