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

UK Greenlights US Strikes on Iran From British Bases Amid Strait of Hormuz Crisis

 

A U.S. Air Force B-1 bomber approaches to land at RAF Fairford airbase in Fairford, Gloucestershire, Britain, March 17, 2026.

Britain has authorized the United States to use UK military bases for defensive strikes against Iranian missile sites threatening ships in the Strait of Hormuz, marking a significant escalation in Western coordination amid rising regional tensions. 

The British government has approved the use of its military bases by the United States to conduct targeted strikes on Iranian missile sites that have been attacking commercial vessels in the Strait of Hormuz. The decision follows heightened tensions after Iran’s actions disrupted vital shipping lanes and threatened allied maritime operations.

According to officials, British ministers met to assess Iran’s blockade of the strait and ongoing regional conflict before confirming that the agreement allows the U.S. to operate from UK bases under the principle of collective self‑defense. The authorization is described as limited and defensive, aimed at degrading Iran’s missile capabilities and protecting international shipping routes. 

Iran’s foreign minister has warned that Tehran will act in self‑defense if attacked, raising concerns about further escalation. Meanwhile, U.S. aircraft, including B‑1 bombers stationed at RAF Fairford, are positioned to support potential operations. 

The move underscores deepening military cooperation between London and Washington as both nations respond to Iran’s increasingly aggressive posture in one of the world’s most critical maritime chokepoints.

Labels:

Comments

Post a Comment