Wednesday, August 26

The Bank of Nova Scotia has reported a third-quarter profit of $2.95 billion for the quarter ending July 31, 2026. This figure is an increase from the $2.53 billion profit reported in the same quarter last year. The profit amounted to $2.27 per diluted share, reflecting a rise of $1 per share from the previous year.

U.S. President Donald Trump has stated he is considering renaming Lake Ontario to 'Lake America' as tensions rise due to an ongoing trade dispute with Canada. Ontario Premier Doug Ford responded by implying that any name change would not be recognized by the province. The comments reflect the escalating trade tensions between the two nations.

Wilco frontman Jeff Tweedy and songwriter-producer Finneas will pay tribute to Leslie Feist at the Canadian Songwriters Hall of Fame induction ceremony. They are scheduled to perform some of her songs at the event on September 26 at Massey Hall in Toronto. Both artists have expressed their admiration for Feist's music.

Prime Minister Mark Carney announced the suspension of trade negotiations with the United States in response to new tariffs imposed by U.S. President Donald Trump. Carney introduced dollar-for-dollar retaliatory tariffs on U.S. goods amounting to $28 billion. He emphasized the need for a more favourable approach from the U.S. for future negotiations.

An airport employee was seriously injured at Montreal's Trudeau International Airport on Monday evening after an incident involving an aircraft. The specifics of the incident are currently under investigation. Emergency services were called, and the employee was taken to hospital.

Canada is poised to announce retaliatory tariffs against the United States on Tuesday. The tariffs will apply to approximately C$28 billion worth of U.S. goods and may reach up to 50%. This response follows the imposition of new U.S. tariffs on select Canadian goods after negotiations failed to reach an agreement.