Skip to main content

Featured

Big Bank Earnings Are In: What They Reveal About Your Mortgage Stress

  August 26, 2026 Canada's biggest banks are in the middle of reporting Q3 2026 results, and so far the headline numbers look strong. BMO and Scotiabank both beat analyst estimates this week, and National Bank of Canada reported this morning. RBC, TD, and CIBC follow Thursday, closing out the sector's earnings season. But the number that actually matters to most Canadians isn't profit — it's what the banks are setting aside for loans that might go bad, and what they're saying about who's struggling to keep up. That's where the picture gets more interesting than the headlines suggest. The headline numbers BMO kicked off the week with adjusted profit up 22% year-over-year and return on equity climbing to 14%, with the bank reiterating its target of 15% ROE by the end of fiscal 2027. Scotiabank posted what CEO Scott Thomson called a record quarter: net income of $3 billion, up 21% year-over-year, with adjusted ROE hitting 14.2% — clearing the bank's own med...
Post a Comment
Read more

article

Labels

Canada’s Carbon Price Set to Rise on April 1: What You Need to Know

Canada’s carbon price is poised to increase on April 1, despite some provincial leaders expressing concerns about affordability. Let’s delve into the details:

The impending carbon price hike is not unexpected. It’s a fundamental policy of Prime Minister Justin Trudeau’s minority Liberal government. By putting a price on pollution, the aim is to encourage people to use fewer fossil fuels, ultimately reducing emissions from the economy. Annual increases are part of the government’s overall pricing scheme, with plans extending until at least 2030.

For most Canadians, the impact of the April 1 increase will be most noticeable at the gas station and on energy bills. Here’s how it breaks down:

  • Gasoline: The carbon tax will add 17 cents per liter.
  • Diesel: Expect an additional 21 cents per liter.
  • Natural Gas: The increase amounts to 15 cents per cubic meter.

Keep in mind that British Columbia, Quebec, and the Northwest Territories have their own carbon pricing systems in place, while other provinces and territories fall under the federal backstop plan.

While the carbon price does play a role in household affordability, it’s essential to recognize that its effects are relatively small compared to global oil prices and corporate profitability. Canadians may also experience indirect effects, such as transportation costs influencing food prices.

In summary, Canada’s commitment to tackling climate change involves incremental carbon price increases, aiming for a greener and more sustainable future.

Labels:

Comments

Post a Comment