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

Russia Pauses Strikes on Ukraine’s Power Grid After Trump’s Request

An emergency service truck stands next to an apartment building, which was hit during overnight Russian drone strikes in the town of Bilohorodka, amid Russia's attack on Ukraine, in the Kyiv region, Ukraine, January 28, 2026.

Russia has temporarily halted its air attacks on Ukraine’s power grid following a direct request from U.S. President Donald Trump. The pause is expected to last until Sunday and comes as Ukraine faces severe winter weather that has strained its already damaged energy infrastructure.

Ukrainian officials say the lull offers a brief but meaningful opportunity to stabilize parts of the grid and restore power to affected regions. While some drone activity has continued near frontline areas, major cities such as Kyiv reported a noticeably quieter night after the announcement.

The decision marks a rare moment of de‑escalation amid a conflict that has heavily targeted civilian infrastructure. Ukrainian leaders have indicated they are prepared to respond cautiously, watching closely to see whether the pause holds through the weekend.


Labels:

Comments

Post a Comment