Toronto-Dominion Bank chief executive Raymond Chun opened the event by telling a room of finance leaders that Canada is on the cusp of an investment supercycle.
The Canadian economy could launch an investment “supercycle” if certain steps are taken, including increasing the competitiveness of the country’s tax and regulatory systems, according to a recent TD report.
The report estimates that $1-trillion in new investments across more than 300 projects is already approved or being considered through 2035.
Earlier Monday, the TD bank said it is committing $150-billion over five years in new lending, underwriting, advisory and other financing activities aimed at driving growth across sectors that are essential to boosting Canada’s economy.
With files from The Globe and Mail