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Big Bank Earnings Are In: What They Reveal About Your Mortgage Stress

  August 26, 2026 Canada's biggest banks are in the middle of reporting Q3 2026 results, and so far the headline numbers look strong. BMO and Scotiabank both beat analyst estimates this week, and National Bank of Canada reported this morning. RBC, TD, and CIBC follow Thursday, closing out the sector's earnings season. But the number that actually matters to most Canadians isn't profit — it's what the banks are setting aside for loans that might go bad, and what they're saying about who's struggling to keep up. That's where the picture gets more interesting than the headlines suggest. The headline numbers BMO kicked off the week with adjusted profit up 22% year-over-year and return on equity climbing to 14%, with the bank reiterating its target of 15% ROE by the end of fiscal 2027. Scotiabank posted what CEO Scott Thomson called a record quarter: net income of $3 billion, up 21% year-over-year, with adjusted ROE hitting 14.2% — clearing the bank's own med...
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ECB Maintains Record High Interest Rate Amid Debate Over Timing of Cuts

 

The European Central Bank (ECB) has decided to keep its key interest rate at a record high of 4% . The decision comes amid a growing debate over the timing of cuts, with some economists predicting a policy pivot starting in April and rate cuts of 150 basis points this year .

The ECB’s decision to maintain the interest rate at its current level is aimed at battling inflation, which has been ravaging the economy. The head of the ECB has warned that cutting interest rates too soon could threaten Europe’s progress in battling inflation.


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