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Don Drummond

Speaker

Ottawa, Ontario, Canada

Former Senior VP & Chief Economist - TD Bank

After a brilliant career as a senior federal finance official and bank chief economist, in which he has been a force in shaping and interpreting the modern Canadian economy, Don Drummond, the former senior federal civil servant and Chief Economist at the TD Bank, became the Matthews Fellow and Visiting Scholar in the School of Policy Studies at Queen’s University.

Keynote Speeches

Virtual Keynotes & Webinars
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The Economic Outlook for Financial and Insurance industries

The next few decades will see extraordinary change in the Canadian economy with many opportunities but also severe risks.  The Financial and Insurance sectors will be impacted by these changes – in the negative if the risks are not foreseen and addressed and in the positive if the opportunities are recognized and taken.

For the first time since global discussions began in Rio three decades ago, most of the world finally seems ready to embark upon serious efforts to reduce global greenhouse emissions.  Carbon intensive industries will have to change profoundly or wither.  Firms and sectors that can deliver clean growth will seize new market opportunities.

Investment portfolios, whether directly from the Finance and Insurance Sector or managed on behalf of clients, will need to be strategic in placing funds.  The risk profile of loan books will need to be carefully evaluated and managed. 

Climate action will not likely come soon enough or be sufficiently robust to avoid more and larger natural disasters with the potential for very large insurance claims.  The climate adjustments will need to take place in the context of extraordinary debt loads of all sectors – households, businesses and Governments. 

The debt loads present further risk to the economy, the Financial and Insurance sector, fintech, and investment portfolios and will need to cope with the need for monetary authorities to move closer to a neutral policy setting after more than a decade of extraordinary stimulus.

Additional topics include:
  • The Reform of Government Services and the Impact to the Energy Sector
  • The Value of Business Ethics
  • Future Workplace
  • Fixing Canada’s Productivity Malaise
  • The Economic Outlook and Implications for Investors
  • Future of the Banking Sector
 

Speaker Biography

Economist & Former TD Bank Chief Economist

Claim to Fame: Don Drummond spent 23 years shaping Canada’s economic policy at the Department of Finance before becoming Chief Economist at TD Bank, where he transformed the bank’s economics team into what became known as ‘a think tank in a bank.’ He brings unparalleled insight into fiscal policy, economic forecasting, and the forces reshaping Canada’s financial future.

Short Bio

Don Drummond’s career spans Canada’s most defining economic moments. As a senior strategist in the Department of Finance during the 1990s, he helped tame Canada’s deficit and debt crises while coordinating federal budget planning. For a decade as TD Bank’s Senior Vice President and Chief Economist, he led economic analysis that influenced major policy decisions, including Ontario’s harmonized sales tax. Now at Queen’s University as the Stauffer-Dunning Fellow in Global Public Policy, Drummond continues to shape economic discourse as Chair of the Canadian Centre for the Study of Living Standards and Fellow-in-Residence at the C.D. Howe Institute.

Why Organizations Choose Don Drummond

Financial institutions, insurance companies, and government leaders turn to Don Drummond when they need clarity on Canada’s economic trajectory. His presentations cut through complexity to reveal the risks and opportunities that will define the next decade—from climate action’s impact on investment portfolios to navigating debt loads and monetary policy shifts. Audiences gain strategic insights grounded in decades of experience at the highest levels of Canadian economic policy-making, delivered by someone who has been present at every major turning point in Canada’s modern economic history.

Don Drummond brings:

• Nearly 23 years coordinating federal budget planning and fiscal policy at Finance Canada
• 10 years as TD Bank’s Chief Economist, building their reputation as a policy thought leader
• Current leadership roles with the Canadian Centre for the Study of Living Standards and C.D. Howe Institute
• Front-row perspective on Canada’s economic resilience during the 2008 financial crisis
• Recognition with the Order of Ontario and honorary doctorates from Queen’s University and University of Victoria

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