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5 Things to Know Today: Bank Earnings Wrap Up as Jackson Hole Begins

  Thursday, August 27, 2026 Canada's Big Six banks finish reporting this morning, the country's own retaliatory tariffs are now in effect, and the world's central bankers are descending on Wyoming. Here's what actually matters for your wallet today. 1. RBC, TD and CIBC round out bank earnings week Royal Bank, TD and CIBC all reported third-quarter results before the opening bell today, closing out a week that already saw a strong quarter from Scotiabank (adjusted net income up 21% year over year) and a beat-but-sold-off report from National Bank on Wednesday. BMO and Scotiabank both flagged mortgage renewals as broadly manageable so far, even with a large share of loans rolling onto new rates over the next 12 months. What it means for you: If you're renewing a mortgage in the next year, the banks' own numbers suggest most borrowers are absorbing higher payments rather than falling behind — but "most" isn't "all." If a renewal is coming u...
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Federal Officials Ignored Auditor’s Call to Report Suspicious $160-Million Contract to RCMP


Federal officials have reportedly ignored calls from an auditor to refer a suspicious $160-million contract to the RCMP for investigation. The auditor, who was involved in a federal program prioritizing Indigenous companies, produced a report alleging that a large nurse staffing agency exploited its Indigenous partner and submitted fraudulent documents. Despite the auditor's substantial evidence and recommendation to involve the RCMP, federal officials chose not to act, citing concerns about potential troubles.

The contract in question was an eight-year agreement to deliver nursing services in remote Indigenous communities. The auditor's findings led to the removal of the joint venture from the Indigenous Business Directory managed by Indigenous Services Canada.

This case highlights ongoing issues within federal procurement practices and raises questions about accountability and transparency in handling allegations of fraud.



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