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Ukrainian Strike Hits Major Industrial Facility Deep Inside Russia

  In this photo provided by Ukraine's 65th Mechanized Brigade press service, a local passes by a destroyed apartment building following an Russian air strike in the town of Komyshuvakha in the Zaporizhzhia region of Ukraine, Friday, Feb. 20, 2026.  A long‑range Ukrainian strike has reportedly targeted a significant industrial site far inside Russian territory, marking one of Kyiv’s deepest attacks since the start of the full‑scale invasion. Early reports from regional officials in Russia indicate that the strike caused a fire at the facility, which is believed to play a role in supporting Moscow’s military production. Ukrainian officials have not publicly claimed responsibility, consistent with their policy of strategic ambiguity regarding operations beyond their borders. However, the attack aligns with Kyiv’s stated goal of disrupting Russia’s defense‑industrial capacity, especially as the war enters another year with both sides relying heavily on long‑range drones and prec...
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TD to slash jobs after disappointing earnings report


The Toronto-Dominion Bank (TD) announced that it will cut an unspecified number of jobs as part of a restructuring plan to reduce costs and improve efficiency. The move comes after the bank reported lower-than-expected earnings for the fourth quarter of 2023, amid rising expenses and higher provisions for credit losses.

According to its financial results, TD earned $3.2 billion, or $1.72 per share, in the quarter ended Oct. 31, down from $3.5 billion, or $1.87 per share, a year earlier. Analysts had expected earnings of $1.79 per share, according to Refinitiv. The bank’s revenue increased by 4 per cent to $11.8 billion, but its expenses rose by 7 per cent to $6.9 billion. The bank also set aside $1.1 billion for bad loans, up from $891 million in the same period last year.

TD’s chief executive officer Bharat Masrani said the bank is facing “a challenging and uncertain environment” due to the COVID-19 pandemic and its impact on the economy. He said the bank is taking “decisive actions” to adapt to the changing conditions and position itself for long-term growth. He did not provide details on how many jobs will be affected by the restructuring, but said the bank will offer support and transition assistance to the impacted employees.

TD’s disappointing earnings contrast with the strong performance of its peers, such as Royal Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Montreal and National Bank of Canada, which all beat analysts’ estimates and raised their dividends in the fourth quarter. TD was the only one of the Big Six banks that did not increase its dividend, keeping it at 79 cents per share.

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