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...

article

Russia's Missile Barrage Forces Power Grid Shutdown in Ukraine

 


In a significant escalation of hostilities, Russia launched a major ballistic and cruise missile attack on regions across Ukraine on Wednesday. The assault targeted critical energy infrastructure, compelling Ukrainian authorities to shut down the power grid in several areas despite the freezing winter weather.

The Russian Defense Ministry claimed responsibility for the strike, stating that it aimed at "critically important facilities of gas and energy infrastructure that ensure the functioning of Ukraine’s military industrial complex". The barrage included 43 missiles and 74 drones, with Ukrainian air defenses managing to shoot down 30 missiles and 47 drones.

The attack spanned from the Lviv region in western Ukraine to Kharkiv in the northeast, causing emergency power outages in six regions. Ukrainian Energy Minister Herman Halushchenko condemned the attack, describing it as an ongoing effort by Russia to terrorize Ukrainians and disrupt the nation's energy grid.

Ukrainian President Volodymyr Zelenskyy urged Western partners to accelerate the delivery of promised air defense weapons, emphasizing the need to protect Ukraine's energy infrastructure during the harsh winter months. The attack has further strained Ukraine's already eroded power generation capacity, with efforts to rebuild ongoing despite the relentless assaults.

The nearly three-year war has seen long-range attacks become a feature of the conflict, with both sides engaged in a war of attrition along a front line stretching about 1,000 kilometers from northeast to southern Ukraine. As the conflict continues, the resilience of the Ukrainian people and the support of international allies remain crucial in the face of ongoing aggression.



Comments