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Toronto-Dominion CEO Says ‘Uncertainty’ Is Canada’s Biggest Risk

  • Masrani expects Canada to reach a ‘sensible’ deal on Nafta
  • TD banker says consumer debt levels are still manageable
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TD CEO Masrani Says Rising Rates Are Helpful

From trade talks and scrapped deals to elections and government infighting, “uncertainty" has emerged as the biggest obstacle for Canada, according to the head of the nation’s largest lender.

“It’s all this uncertainty we’re looking at," Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said in a BNN Bloomberg interview when asked what’s the biggest risk to his bank’s Canadian business. “The more certainty we can create in the economy, the better off we are."