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

Trump and Zelensky to Sign Landmark Minerals Deal at White House

In a significant diplomatic move, U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky are set to meet at the White House today to finalize a minerals deal. The agreement aims to grant the United States access to Ukraine's rare earth minerals in exchange for American investment and potential security guarantees for Kyiv.

The deal is seen as a strategic win for both leaders. For Trump, it represents an opportunity to secure valuable resources and potentially reimburse American taxpayers for the substantial military aid provided to Ukraine. For Zelensky, the agreement could bolster Ukraine's economy and strengthen its security amid ongoing tensions with Russia.

However, the deal is not without controversy. Critics argue that the actual mineral wealth in Ukraine is uncertain and that much of it lies in war-torn regions, making extraction challenging. Additionally, there are concerns about the lack of clear security guarantees in the current framework of the agreement.

As the two leaders prepare to sign the deal, the world watches closely, anticipating the potential geopolitical and economic impacts of this landmark agreement.

Labels:

Comments

Post a Comment