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

Tragedy in South Tyrol: Avalanche Claims Lives of Five German Mountaineers


Five German climbers lost their lives after being swept away by a powerful avalanche in the Italian Alps over the weekend. The accident occurred on Saturday afternoon near Cima Vertana in the Ortler mountain range, South Tyrol, at an altitude of more than 3,500 meters.

According to Italy’s alpine rescue services, two separate groups of climbers were caught in the torrent of snow. The first group of three was completely buried, with all members confirmed dead. In the second group, two climbers managed to survive by taking shelter, but a father and his 17-year-old daughter were tragically found lifeless the following morning.

Rescue operations were hampered by poor weather conditions and worsening visibility, forcing teams to delay parts of their search until Sunday. Officials reported that the victims had been dragged to the lower part of the gully where the avalanche struck, making recovery efforts especially difficult.

The Ortler massif, close to the Swiss border, is a popular destination for experienced mountaineers. However, experts have warned that rising temperatures in the Alps are destabilizing snowpacks, increasing the risk of avalanches in high-altitude regions.

Authorities are urging climbers to exercise extreme caution, pay close attention to avalanche bulletins, and avoid risky ascents during late hours when conditions can rapidly deteriorate.

This tragedy underscores the dangers of alpine climbing, even for seasoned mountaineers, and has cast a somber shadow over the mountaineering community in both Germany and Italy.


Comments