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CTV News
11-07-2025
- Business
- CTV News
YMCA Summer Day Camp offers opportunity for new Canadians
According to officials with the Y, more kids are coming to summer camp thanks to an effort to make it more affordable. CTV London's Lauren Stallone reports. According to officials with the Y, more kids are coming to summer camp thanks to an effort to make it more affordable. CTV London's Lauren Stallone reports. Thousands of kids are participating in the YMCA's Summer Day Camp program across southwestern Ontario. 'I like coming here because I always like meeting new people,' said one camper. 'I love spending my time outside, going boating on the water and walking and having fun.' Children attending the camp get to take part in a wide range of activities like swimming, crafts, and all sorts of outdoor play. 'The program is really fun,' said Camden Melrose, a camp councillor. 'I enjoy boating. I get to take the kids out on the water and have a good time with them.' For the third consecutive year, the YMCA is offering financial assistance to newcomer families for camp registration fees. Dave Newnham, VP of camping with the YMCA, says they have had over 200 campers enroll in their programs thanks to this partnership. 'Thanks to the TD Group this year they've provided an incredible $20,000 in funding to help newcomers, from all different countries, have this experience that they otherwise wouldn't be able to benefit from,' said Newnham. Organizers say YMCA Day Camp Experiences for Newcomer Families gives children of all backgrounds, beliefs, and abilities the chance to shine. 'The idea of this camp is to provide opportunities for newcomers to have really healthy, developmental, fun experiences for their kids as they arrive here in Canada,' said Newnham. One camp councillor said he enjoys getting to witness the children flourish and grow throughout their time together. 'I love seeing them smile, I love making their day,' said Eldar Shabanow, camp councillor. 'I always try to show up and try my best so they can have a good day.'
Yahoo
07-07-2025
- Business
- Yahoo
Media Advisory - TD Bank Group to host Investor Day
TORONTO, July 7, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") will host an Investor Day in Toronto on Monday, September 29, 2025. A live webcast of the event will also be available. The event will feature presentations by Raymond Chun, Group President and CEO, and members of TD's Senior Executive Team. Webcast details will be provided on the TD Investor Day 2025 website at a later date. The agenda and presentation slides will be posted on the day of the event. About TD Bank Group TD is the sixth largest bank in North America by assets and serves over 27.9 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among the world's leading online financial services firms, with more than 18 million active online and mobile customers. TD had $2.1 trillion in assets on April 30, 2025. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges. SOURCE TD Bank Group View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
21-05-2025
- Business
- Global News
Is Canada heading for recession? One economist says it may lack ‘severity'
If Canada is heading for a recession, how severe could it be? That's the question being debated by many economists and financial experts who warn that the main driving force is the trade war brought on by U.S. President Donald Trump's tariff policies. The labour market has already been shedding jobs as tariffs take hold and companies brace for higher costs, and at least one economist is forecasting the loss of thousands of jobs in the coming months. In an interview with The Globe and Mail, TD Group's chief economist and vice-president Beata Caranci said the bank is 'worried' Canada will enter a recession, in addition to potential job losses heading towards the third quarter of the year. 'We can see perhaps another 100,000 jobs lost,' Caranci said in that interview. 'We've already had over 70,000 lost in the private sector in two months.' Story continues below advertisement In a statement to Global News about that forecast, Caranci said much depends on how effective the federal government is at implementing promises to 'stabilize jobs, particularly in manufacturing.' 'The 100,000 jobs looks like a big number but it amounts to 0.4% of the labour force,' Caranci said in an email to Global News. 'Past recessions have corresponded with job losses in a range of 1-5% of the labour force. This speaks to the belief that there will be a front-loaded adjustment to the tariff environment, but it'll likely lack severity.' She added: 'But for now, there's immediate transparency in jobs at risk of being lost, rather than what can be gained.' 3:04 Ontario tables tariff-era budget with bigger deficit and bleak economic outlook How is a recession determined? There are several ways to gauge a recession, and the formal definition by most economists and central bankers is when Gross Domestic Product (GDP) shows a decline for two consecutive quarters, or a six-month period. Story continues below advertisement This means that the total value of goods and services produced within Canada in that period would be less than the same period one year prior. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Rising unemployment and inflation trends can also be used to determine a recession. If Canadian businesses continue to pull back on producing goods and services due to the heightened cost of tariffs, that will be shown in economic data including GDP. The trade war has also been impacting Canada's labour market with unemployment rising as companies lay off workers, and that is reflected in monthly jobs reports from Statistics Canada. Economic gauges like GDP and jobs reports come sometimes weeks or months after the start of a recession, which is only defined after the fact since it is based on data looking back at the previous two quarters of economic growth. There are several anecdotal theories that have been proposed to try and gauge whether a recession is happening in real time, but for the most part are considered inaccurate or outdated compared to what economists use. 2:36 Business News: Bank of Canada Financial Stability Report How severe might a recession be? Any recession that could arrive imminently is not expected to be as severe as the economic impact of the COVID-19 pandemic in 2020 or the Great Recession from 2007-2009. Story continues below advertisement However, the severity of this recession may depend on how the federal government responds to Trump's tariffs. Caranci pointed to proposals such as the federal government's plan to spend $2 billion on an 'all in Canada' manufacturing network. The next GDP report from Statistics Canada will be released on May 30, and represent economic growth by industry for the month of March. This would also give the full GDP report for the first quarter, or three months of the year. According to TD Economics, the first quarter of 2025 is forecast to show the economy grew by 1.8 per cent, while the second quarter is expected to show a decline of one per cent, and the third quarter will decline by 0.2 per cent. That projected third-quarter decline would meet the definition of a recession, but is projected to trend back up in the fourth quarter. However, that all depends on the data — and that's just not clear yet.
