News of the day: Big bank valuation, Ben McKenzie’s crypto crusade, Ottawa’s new drone marketplace, World Cup travel boom, the burden of growth and more

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The Canadian flag flying between the TD Centre towers in the financial district in Toronto, Ontario on Tuesday, July 14, 2026.It is hard to say if bank stocks can continue to push higher, but it is easier to say third quarter results should not be a reason for the stocks to trade lower, said one analyst. Photo by Peter Power/Postmedia

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It’s Thursday, August 20. Here are the top stories we’re following today.

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Canada’s biggest banks are once again expected to post strong results when they report their third-quarter earnings next week, but to what extent their profits can boost their stocks is another thing.

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Actor, director and author Ben McKenzie Schenkkan participates in a forum about U.S. President Donald Trump's official and personal dealings with crypto currency in the Dirksen Senate Office Building on Capitol Hill on July 27, 2026 in Washington, DC. A critic of cryptocurrencies, Ben McKenzie spoke before a Senate forum about Donald Trump’s dealings with digital assets on July 27, 2026 in Washington, D.C. Photo by Chip Somodevilla/Getty Images

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The Financial Post spoke with actor Ben McKenzie about his views on cryptocurrency, who’s really making (and losing) money off it and why victims of scams are often still believers.

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Canadian companies are hoping Ottawa’s new drone marketplace will lower the barriers to getting high-volume defence contracts. Canadian companies are hoping Ottawa’s new drone marketplace will lower the barriers to getting high-volume defence contracts. Photo by David Bloom/Edmonton Sun files

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Canadian companies are hoping Ottawa’s new drone marketplace will lower the barriers to getting high-volume defence contracts as the Mark Carney government accelerates the building of the country’s military capacity and defence industrial base.

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Soccer fans watch the FIFA World Cup 2026 knockout game between Canada and Morocco at Jack Poole Plaza in downtown Vancouver on July 4. Soccer fans watch the FIFA World Cup 2026 knockout game between Canada and Morocco at Jack Poole Plaza in downtown Vancouver on July 4. Photo by Jason Payne/PNG files

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Toronto and Vancouver hosted 13 World Cup games between June 11 and July 19, involving teams from 15 overseas countries. The two cities saw higher volumes of arrivals from all participating countries, with the exception of Türkiye.

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Prime Minister Mark Carney, along with Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette, speaks at an announcement for a new MOU on the Churchill Falls and Gull Island hydro-electric projects on Monday. Prime Minister Mark Carney, along with Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette, speaks at an announcement for a new memorandum of understanding on the Churchill Falls and Gull Island hydro-electric projects on Monday. Photo by Keith Gosse/Postmedia

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Canada is advancing an ambitious economic agenda at a time when provincial finances are under acute pressure. To achieve its goals, Ottawa will have to take on more of the risks — and foot more of the bill, writes Marc Desormeaux.

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