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

Yemen’s Houthi Rebels Shoot Down US Reaper Drone: Aerial Clash Escalates Tensions

 

Yemen’s Houthi rebels have claimed responsibility for shooting down another of the U.S. military’s MQ-9 Reaper drones. The rebels released footage showing wreckage that corresponds to known pieces of the unmanned aircraft. According to the Houthis, they used a surface-to-air missile to down the Predator drone over their stronghold in the country’s Saada province. The video includes close-ups of parts with the logo of General Atomics, the manufacturer of the drone, and serial numbers matching known components made by the company.

This incident is part of a renewed series of assaults by the Houthis following a relative lull in their pressure campaign over the Israel-Hamas war in the Gaza Strip. While U.S. officials have not immediately commented on the Houthi footage, CBS News previously reported an anonymous U.S. military official acknowledging a drone crash in Yemen.

The MQ-9 Reaper drone, which costs around $30 million each, can fly at altitudes up to 50,000 feet and has an endurance of up to 24 hours before needing to land. Since the Houthis seized Yemen’s north and its capital of Sanaa in 2014, the U.S. military has lost at least five drones to the rebels, including this recent shootdown. The ongoing conflict in Yemen continues to escalate tensions in the region, with the Houthis also launching attacks on shipping in the Red Sea and Gulf of Aden, demanding an end to the war in Gaza.

As the situation unfolds, both sides remain on high alert, and the international community closely monitors developments in this volatile region. The downing of the U.S. Reaper drone adds another layer of complexity to an already fraught conflict landscape.

Labels:

Comments

Post a Comment