TD - Toronto Dominion Bank Message Board

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Gold/Mining/Energy : TD - Toronto Dominion Bank

TD 80.94

+0.6%

Nov 7 9:30 AM EST

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To: M CAHILL who wrote (3)	3/30/1998 10:41:00 AM
From: Zirdu	Read Replies (2) of 358

Interesting article in the Wall Street Journal today about how Canada is moving to invest some of the public retirement money (like Social Security I think) into the stock market. According to the article, only 20% can be invested into non-Canadian companies. The plan at this point apparantly is to index the investment to avoid charges of favoritism of particular companies, etc. . This should give a boost to the Canadian market in general, and of course to TD in particular. By the way, where do you come up with a PE of 7 for TD? I believe it is a lot higher than that. RR

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