Economic Analysis

TD Economics provides analysis of economic performance and the implications for investors. The analysis covers the globe, with emphasis on North America.

Data Commentaries

February 24, 2015

  • Fed Chair Janet Yellen Testimony to Congress – Download (101k PDF)
February 24, 2015
  • U.S. Consumer Confidence – Download (101k PDF)
February 23, 2015
  • U.S. Existing Home Sales – Download (103k PDF)
February 18, 2015
  • U.S. FOMC Minutes – Download (44k PDF)
February 18, 2015
  • U.S. Housing Starts – Download (40k PDF)
February 12, 2015
  • U.S. Retail Sales – Download (101k PDF)
February 10, 2015
  • NFIB Small Business Optimism Index – Download (100k PDF)
February 6, 2015
  • U.S. Employment – Download (101k PDF)
February 5, 2015
  • U.S. International Trade Balance – Download (41k PDF)
February 4, 2015
  • U.S. ISM Non-Manufacturing Index – Download (103k PDF)
February 3, 2015
  • U.S. Vehicle Sales – Download (40k PDF)
February 2, 2015
  • U.S. ISM Manufacturing Index – Download (101k PDF)
February 2, 2015
  • U.S. Personal Income and Spending – Download (101k PDF)
January 30, 2015 January 28, 2015
  • U.S. FOMC Statement – Download (42k PDF)
January 27, 2015
  • U.S. State Employment Monitor – Download (210k PDF)
January 16, 2015
  • U.S. Consumer Price Index – Download (102k PDF)
January 14, 2015
  • U.S. Federal Reserve Beige Book – Download (43k PDF)
April 25, 2014
  • U.S. GDP by Industry – Download (106k PDF)

Regular Publications

February 20, 2015

  • The Weekly Bottom Line – Download (391k PDF)
January 26, 2015
  • Economic Forecast Update – Global and U.S. Outlook Update – Download (358k PDF)
December 18, 2014
  • U.S. Quarterly State Forecast – U.S. Economic Outlook – Download (403k PDF)
December 17, 2014
  • Quarterly Economic Forecast – U.S. Economic Outlook – Download (364k PDF)

Special Reports/Observations

February 25, 2015

  • Conditions Are Ripe For American Consumers To Lead Economic Growth – Download (323k PDF)
February 24, 2015
  • The New Normal: Low Rates In Advanced Economies For The Long Run – Download (323k PDF)
February 17, 2015
  • Eurogroup Finance Ministers Meeting – Download (42k PDF)
February 10, 2015
  • The Jersey Comeback: Elusive So Far, But Not Out Of Reach – Download (332k PDF)
February 10, 2015
  • Greece Cannot Be Allowed To Leave The Euro – Download (230k PDF)
January 30, 2015
  • U.S. Homeownership Rate Still Declining But It May Not Be Bad News – Download (252k PDF)
January 23, 2015
  • Crude Oil Prices: Lower For Longer – Download (261k PDF)
January 9, 2015
  • Assessing The Risks From Russia, Greece And The European Central Bank – Download (287k PDF)
December 9, 2014
  • U.S. State Fiscal Health Update – Download (392k PDF)
December 2, 2014
  • The Impact Of Volunteerism And Charitable Giving – Download (387k PDF)
November 20, 2014
  • Valuing The World Around Us: An Introduction To Natural Capital – Download (477k PDF)
November 5, 2014
  • Latest Bank Of Japan Move Provides A Jolt To Markets – Download (295k PDF)
October 27, 2014
  • U.S. Inflation Limbo - How Low Can It Go? – Download (338.11k PDF)
October 23, 2014
  • The Lost Years: U.S. Business Investment Poised For Better Days – Download (362k PDF)
October 8, 2014
  • The Fed's (Gra)Dual Normalization: Navigating Out Of Uncharted Waters – Download (476k PDF)
September 24, 2014
  • Re-charging the U.S. Labor Market – Download (439k PDF)
September 10, 2014
  • Divergent Views On Neutral Interest Rates – Download (365k PDF)
August 14, 2014
  • Potential To Improve: A Comparison Of Canadian And U.S. Trend Output Growth – Download (416k PDF)
July 29, 2014
  • Latin American Outlook: Seeing The Rain Forest Through The Trees – Download (322k PDF)
July 14, 2014
  • The Federal Reserve's Exit Strategy And The Neutral Level Of Rates – Download (266k PDF)
  • Canada's Job Market No Longer Leading America's – Download (314k PDF)
June 12, 2014
  • US Student Debt A Near-Term Constraint On Homeownership – Download (343k PDF)
May 20, 2014
  • Shadow Banking In America: Back In The Spotlight – Download (314k PDF)
May 15, 2014
  • Housing Suffers a Set Back, But Will Recover – Download (324k PDF)
April 29, 2014
  • Abenomics Scores Some Early Successes But Requires More Time – Download (305k PDF)
  • Crunching U.S. State Tax Numbers – Download (296k PDF)
April 4, 2014
  • Lower Educated Workers Flock Into US Job Market – Download (103k PDF)
April 2, 2014
  • Economic Growth After Recovery: Quantifying The New Normal – Download (434k PDF)
March 4, 2014
  • U.S. Auto Sales Basking In Their Comeback Glow – Download (434k PDF)
February 11, 2014
  • State Finances Improve, But Long-Term Challenges Persist – Download (440k PDF)
February 7, 2014
  • Why The January Payroll Report Was Actually Pretty Good – Download (263k PDF)
February 4, 2014
  • Americans Face Tin-Plated Golden Years – Download (285k PDF)
January 31, 2014
  • Emerging Markets: Cut By The Same Scissors, But Not From The Same Cloth – Download (285k PDF)
January 22, 2014
  • Euro Zone: Financial Calm Should Not Disguise Outstanding Macroeconomic Challenges – Download (355k PDF)
January 21, 2014
  • The Bull Market For Gold Is Firmly In The Rear View Mirror – Download (277k PDF)
January 9, 2013
  • U.S. Housing Recovery: Jobless No More – Download (790k PDF)
December 18, 2013
  • Comparing And Contrasting Canadian And American Consumers – Download (362k PDF)
December 17, 2013
  • Congress To Pass Bipartisan Budget Act of 2013 – Download (222k PDF)
  • The Greening Of New York City: Lessons From The Big Apple – Download (302k PDF)
December 11, 2013
  • The Silent Majority: State And Local Governments Talk Back – Download (204k PDF)
December 4, 2013
  • Don't Judge A Labor Market By Its Unemployment Rate – Download (638k PDF)
November 1, 2013
  • Green Bonds: Victory Bonds For The Environment – Download (377k PDF)
October 24, 2013
  • U.S. Regional Multifamily Housing Outlook – Download (929k PDF)
October 10, 2013
  • U.S. Deficits & Debt: Past, Present & Future – Download (711k PDF)
October 1, 2013
  • The Government Is Shut, But Will Pay Its Bills – Download (617k PDF)
September 4, 2013
  • State Fiscal Planning: Taming Tax Revenue Volatility – Download (862k PDF)
August 29, 2013
  • The Taper Cometh – Download (442k PDF)
August 12, 2013
  • Japan: Abenomics Notwithstanding, Demographic Trends Trump Fiscal Sustainability – Download (791k PDF)
August 6, 2013
  • Will The Fall In Refinancing Pose A Threat To The U.S. Recovery – Download (684k PDF)
July 18, 2013
  • Higher Mortgage Rates Unlikely To Derail Housing Recovery – Download (899k PDF)
June 26, 2013
  • Up, Up, & Away: U.S. Home Price Growth Will Give Way To Rising Supply – Download (625k PDF)
June 13, 2013
  • The Federal Reserve's Exit Strategy: How Will It Unfold – Download (1,068k PDF)
June 11, 2013
  • U.S. Small Business Recovery Ready To Enter A New Phase – Download (736k PDF)
June 6, 2013
  • American Exports In A Multi-Speed World: Full-Steam Ahead Through Choppy Waters – Download (904k PDF)
April 23, 2013
  • Giving It The Old College Try, Assessing The Returns On U.S. Higher Education – Download (924k PDF)
April 9, 2013
  • U.S. Commercial Real Estate To Take Cue From Housing Recovery – Download (739k PDF)
April 8, 2013
  • Goosing U.S. Economic Growth Through Wealth Effects – Download (838k PDF)
March 21, 2013 February 28, 2013
  • America's Debt Woes – Download (650k PDF)
February 5, 2013
  • Is The American Housing Rebound Sustainable? – Download (691k PDF)
January 31, 2013
  • Auto Finance A Bright Spot For U.S. Lenders – Download (80k PDF)
January 29, 2013
  • Assessing The Long Term Cost Of Youth Unemployment – Download (80k PDF)
January 2, 2013
  • U.S. Congress Passes Bill Avoiding Fiscal Cliff – Download (80k PDF)

Get additional research on the global economy, including Canada, Europe, Asia and Latin America.