Donald Trump: Toronto-Dominion Bank and Tax Cuts

donald trump: Toronto-Dominion Bank, Royal Bank of Canada and the nation's other six large lenders collectively boosted profit 10 per cent to a record 11.7 billion in the fiscal third quarter, according to The Toronto Star. Still, that's no match for a U.S. economy seen having more runway than Canada's, thanks in part to Donald Trump's tax cuts. They still can't outperform U.S. banks on the stock market. Toronto-Dominion Bank reported that strong growth at its U.S. unit pushed fiscal third-quarter earnings to a record level. Canadian banks are run well and everything, but where they're sitting in our view is not as attractive as where our U.S. banks are in terms of opportunity, said Tony Scherrer, director of research and portfolio manager with Seattle-based Smead Capital Management.U.S. banks are well positioned for a lending revival fuelled by a strong U.S. economy and a millennial generation approaching their home-buying years an emerging opportunity as lending in Canada slows, Scherrer said. Ben Nelms/Bloomberg News Canada's S&P/TSX Commercial Banks Index has gained 13 per cent in the past 12 months, lagging the 21 per cent increase of the U.S. KBW Bank Index. (news.financializer.com). As reported in the news.