Masrani to assume role as CEO effective March 1
Quarterly economic forecast predicts U.S. slowdown will impact Canada’s manufacturing sector most heavily
Hedging arrangement will bring TD's investment up to 45%
Record date to move to four weeks prior to quarterly dividend payment date
Economists say chances of any rate movement are “virtually nil”
Company also raises dividend by 9%
Affirms bank's ratings
But TD Economics reports that Canada's strong diversification will help prevent it from feeling the full effects of a U.S. slowedown
Any downturn will prove to be "mild and transitory," TD says
Volatility should continue until rates start creeping downwards