Toronto New Home Sales Hit Four-Decade Low in January, Deepening Historic Slump
New home sales in the Greater Toronto Area plunged to their lowest level since 1981 in January, extending a record-breaking downturn that industry groups say has now surpassed the 1990s real estate collapse in duration. Developers sold just 269 new homes across the GTA last month — down 36% from January 2025 and 80% below […]
Trump Weighs Forcing Banks to Collect Citizenship Data — But Legal Path Is Narrow
The Trump administration is considering an executive order that would require banks to collect citizenship information from all customers, a move that legal experts say faces serious constitutional obstacles fresh off a Supreme Court rebuke of the president’s executive authority. The Wall Street Journal first reported the potential action on Tuesday, February 24, citing people […]
Trump $187M Claim Meets DeepSeek-Nvidia Blackwell Leak
A public allegation that the UAE “secretly paid” President Donald Trump $187 million is colliding with a fresh US government warning that China’s DeepSeek trained an upcoming AI model on Nvidia’s most advanced Blackwell chips despite export ban. A Wall Street Journal investigation described a transaction tied to a Trump-linked crypto venture in which documents […]
EU Parliament Signs €90 Billion Ukraine Loan as Hungary Holds Out
European Parliament President Roberta Metsola signed a €90 billion Ukraine Support Loan on February 24, marking the fourth anniversary of Russia’s full-scale invasion of Ukraine — but the funds remain in limbo as Hungary maintains a veto at the European Council level. The loan, which covers the 2026–2027 period, represents approximately two-thirds of Ukraine’s estimated […]
Carney Had Inside Knowledge of Keystone XL Revival Plans Before Trump Meeting, Source Says
Canadian Prime Minister Mark Carney walked into his October White House meeting with US President Donald Trump already knowing that pipeline company South Bow Corp. was privately exploring a revival of the cancelled Keystone XL pipeline, a federal government source told Reuters on Tuesday. Carney brought Keystone XL to the table at the White House […]
Loblaw Q4 2025 Profit Surge Looks Calendar-Driven, Not Structural
Loblaw Companies (TSX: L) delivered a sharp fourth-quarter earnings jump, but a large slice of the “beat” tracks to a 13th week and accounting roll-offs rather than a step-change in underlying retail economics. Retail revenue rose to $16.38 billion from $14.73 billion from a year earlier, a headline 11.3% gain that includes roughly $1.14 billion […]
BMO Grows Q1 2026 Earnings As Credit Costs Ease, Expenses Rise
BMO Financial Group (TSX: BMO) opened fiscal 2026 with Q1 revenue of $9.82 billion, up from $9.27 billion a year earlier, driven by net interest income of $5.64 billion versus $5.40 billion, plus non-interest revenue of $4.18 billion versus $3.87 billion. Reported net income came in at $2.49 billion versus $2.14 billion in Q1 2025, […]
Canada Certifies Gulfstream G700 and G800 Jets, Closing Aviation Dispute With Washington
Canada’s aviation regulator certified Gulfstream‘s G700 and G800 business jets on Monday, bringing a months-long dispute with Washington to a close and heading off a threatened escalation in trade hostilities between the two countries. Transport Canada awarded type certifications to the two flagship models from Savannah, Georgia-based Gulfstream Aerospace, a subsidiary of General Dynamics — […]
National Bank Q1 2026 Profit Jumps 26% as CWB Scales Up
National Bank of Canada (TSX: NA) posted fiscal Q1 2026 net income of $1.25 billion, up from $997.0 million in Q1 2025, as total revenue rose to $3.89 billion from $3.18 billion and the bank lapped a year-ago quarter that still included acquisition-related volatility tied to Canadian Western Bank acquisition. The revenue build was split […]
Scotiabank Q1 2026 Net Income More Than Doubled Due To Impairment Loss
Scotiabank (TSX: BNS) reported Q1 2026 net income of $2.30 billion, up from $993.0 million a year earlier, thanks to a material impairment loss recorded in Q1 2025. This bottomline translates to $1.73 earnings per diluted share. Net interest income was $5.58 billion, up from $5.17 billion year-over-year, while non-interest income was $4.06 billion, down […]