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5 Things to Know Today: TSX Hits a Record and Nvidia Earnings Loom

  August 26, 2026 Bank earnings are rolling in, the TSX just set a fresh all-time high, and Nvidia's after-hours report tonight could set the tone for the rest of the week. Here's what's moving markets and your wallet today. 1. The TSX closed at a record 36,957.63 The TSX gained 243.51 points (+0.66%) on Tuesday, a fresh closing high, powered by strong bank earnings. Scotiabank jumped 7% and BMO rose 0.6% after both beat Q3 estimates, with National Bank reporting Wednesday and RBC, TD, and CIBC due Thursday. Gold miners also contributed to the gains. What it means for you: If you hold Canadian bank stocks in an RRSP or TFSA, this week's earnings parade is worth watching — strong results can support dividend stability, which matters most if you're relying on those payouts for retirement income. 2. Nvidia reports earnings after today's close Nvidia's results land after the bell today, and given the chip sector's recent volatility — Micron, AMD, and Broadc...
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Hunter Biden's Legal Troubles and Presidential Pardon

 

Hunter Biden, the son of U.S. President Joe Biden, faced legal issues related to firearms and tax convictions. In June 2024, he was convicted of lying on a federal form when purchasing a gun in 2018, falsely stating that he was not a drug user. Additionally, he pleaded guilty to failing to pay at least $1.4 million in federal taxes for the years 2016 to 2019. These charges stemmed from a period in his life when he struggled with drug and alcohol abuse before becoming sober in 2019.

Despite previously pledging not to use his presidential authority to grant clemency to his son, President Joe Biden issued a full and unconditional pardon for Hunter Biden on December 1, 2024. This pardon not only covered the gun and tax offenses but also any other federal offenses Hunter Biden may have committed from January 1, 2014, through December 1, 2024. President Biden justified his decision by stating that raw politics had infected the legal process, leading to a miscarriage of justice.

A presidential pardon is an expression of forgiveness granted by the President of the United States for federal criminal offenses. The power to pardon is derived from Article II, Section 2, Clause 1 of the U.S. Constitution, which allows the president to grant reprieves and pardons for offenses against the United States, except in cases of impeachment. A pardon forgives federal criminal offenses and exempts the individual from punishment, but it does not signify innocence.



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