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5 Things to Know Today: Bank Earnings Wrap Up as Jackson Hole Begins

  Thursday, August 27, 2026 Canada's Big Six banks finish reporting this morning, the country's own retaliatory tariffs are now in effect, and the world's central bankers are descending on Wyoming. Here's what actually matters for your wallet today. 1. RBC, TD and CIBC round out bank earnings week Royal Bank, TD and CIBC all reported third-quarter results before the opening bell today, closing out a week that already saw a strong quarter from Scotiabank (adjusted net income up 21% year over year) and a beat-but-sold-off report from National Bank on Wednesday. BMO and Scotiabank both flagged mortgage renewals as broadly manageable so far, even with a large share of loans rolling onto new rates over the next 12 months. What it means for you: If you're renewing a mortgage in the next year, the banks' own numbers suggest most borrowers are absorbing higher payments rather than falling behind — but "most" isn't "all." If a renewal is coming u...
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Suez Canal Crisis: A Threat to Global Trade and Egypt’s Economy



The Suez Canal, a vital waterway for global trade, is facing a severe threat due to attacks by Houthi militants. These attacks have led to a significant decrease in canal traffic, as ship owners reroute to avoid the region, opting for the longer journey around the Cape of Good Hope. This shift has dire consequences for Egypt’s economy, which is already grappling with high inflation and a potential refugee crisis. The canal’s revenue, crucial for the nation’s finances, has seen a dramatic drop, exacerbating the economic challenges Egypt faces. The situation underscores the fragility of international supply chains and the far-reaching impact of regional conflicts on the global economy.

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