In a report issued Monday TD says that moderate growth is expected in the second half of this year but that other countries, China in particular, pose the largest risk.
China is the world’s biggest importer of raw materials. Its prosperity, or otherwise, will impact world prices for commodities.
As Canada’s trading partners would also be affected by the price drop, it could also hit other Canadian exports.
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Bank and mortgage lender Toronto-Dominion says that the greatest risk to Canada’s growth is China.