Morning Call - Canada - Jun 26 2026

Research evidence excerpt

Morning Call - Canada - Jun 26 2026

performance is not indicative of future results and investors should understand that statements regarding future prospects may not be

realized. All investments entail risk, including potential loss of principal invested. Performance analysis is based on certain assumptions, the results of which may vary

significantly depending on the modelling inputs assumed.

The information contained herein is not intended for distribution to, or use by, any person in any state or jurisdiction where such distribution or use would be contrary to

applicable law or regulation, or which would subject TD Securities to additional licensing or registration requirements.

This material is not to be construed as accounting, legal or tax advice. Other than disclosures relating to TD Securities, the information herein is based on sources we

believe to be reliable but is not guaranteed by us and does not purport to be a complete statement or summary of the available data. The opinions and commentaries

herein do not take into account individual client circumstances, objectives or needs and are not intended as an offer or solicitation with respect to the purchase or

sale of any security or recommendations of investment strategy. The recipients of this report must make their own independent decisions regarding any predictions,

opinions or other information in this report. To the extent that this report discusses any legal proceedings or issues, it has not been prepared to express or intended to

express any legal conclusion, opinion or advice. Our analysts, salespeople, traders and other professionals may provide oral or written market commentary or trading

strategies to our clients that reflect opinions that are contrary to the opinions expressed in this report.