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

Tragedy at Sea: Three Sudanese Sisters Lost in Mediterranean Crossing

 


In a heartbreaking incident on the central Mediterranean migration route, three sisters from war‑torn Sudan — aged 9, 11, and 17 — lost their lives when an overcrowded rubber dinghy began taking on water in rough seas north of Libya.

Rescue volunteers from the German NGO RESQSHIP saved around 65 people from the vessel, which had departed Zuwara, Libya, bound for Italy. The sisters’ mother and brother were among the survivors brought to Lampedusa late Saturday. A fourth passenger remains missing at sea.

Rescuers described perilous conditions: a partially deflated boat, waves reaching 1.5 meters, and darkness that made the operation dangerous. The sisters’ bodies were discovered in a pool of water and fuel at the bottom of the dinghy after many passengers had been evacuated.

Among the survivors were pregnant women, children, and people from Sudan, Mali, Ivory Coast, Ethiopia, and Eritrea. Four required urgent medical evacuation. The tragedy underscores the deadly risks faced by migrants attempting the crossing, a route that has claimed over 30,000 lives since 2014.

Labels:

Comments

Post a Comment