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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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Egypt Proposes Ceasefire Amid Escalating Gaza Conflict

Egypt has stepped forward with a new truce proposal aimed at restoring peace in Gaza, following a surge in violence that has claimed the lives of at least 65 Palestinians in the past 24 hours. The escalation began after Israel resumed air and ground operations against Hamas, effectively ending a two-month period of relative calm.

The Egyptian plan reportedly includes a phased approach, with Hamas releasing five Israeli hostages each week. In return, Israel would implement the second phase of the ceasefire after the first week. The proposal also outlines a timeline for Israel's full withdrawal from Gaza, backed by U.S. guarantees.

While both Hamas and the U.S. have expressed tentative agreement to the proposal, Israel has yet to respond. The situation remains dire, with nearly 700 Palestinians reported killed since the resumption of hostilities, including many women and children. Humanitarian agencies have raised alarms over the worsening conditions in Gaza, where thousands are displaced and essential supplies are running critically low.

This latest effort by Egypt underscores the urgent need for a resolution to the ongoing conflict, as the region faces a mounting humanitarian crisis.

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