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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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Israel Rejects Ceasefire Proposal Accepted by Hamas as Rafah Invasion Looms

 

In a tense turn of events, Hamas has announced its acceptance of an Egyptian-Qatari proposal for a ceasefire to halt the seven-month-long war with Israel in Gaza. However, Israel remains skeptical and has not yet confirmed its agreement to the deal. The situation remains precarious as both sides grapple with their demands and the potential consequences of further military action.

The Ceasefire Proposal

The proposed ceasefire aims to bring an end to the ongoing conflict that has resulted in significant loss of life and displacement. While Hamas has welcomed the proposal, Israel has rejected it, citing concerns about the safety of its citizens and the need for a comprehensive solution. The proposal includes provisions for a full withdrawal of Israeli troops from Gaza and a cessation of hostilities.

Israel’s Stance

Israel maintains that it will continue military operations until Hamas is defeated and has expressed its intention to retain a security presence in Gaza3. The rejection of the ceasefire proposal underscores the deep-rooted tensions between the two parties and their differing visions for a peaceful resolution.

The Rafah Situation

Rafah, a city in southern Gaza, has become a focal point in the conflict. The Israel Defense Forces (IDF) have called for civilians in eastern Rafah to move toward an expanded humanitarian area, potentially signaling preparations for a ground invasion. However, President Joe Biden and other world leaders have repeatedly voiced opposition to such an invasion, warning of a spike in civilian casualties and a worsening humanitarian crisis. The population in Rafah has swelled to an estimated 1.4 million people following Israel’s offensive in Gaza in retaliation for Hamas’ attack on Israel and the taking of hostages.

The Way Forward

As the situation remains fluid, international leaders continue to engage in diplomatic efforts to find a resolution. CIA Director William Burns is set to travel to Israel for further hostage and ceasefire talks after discussions in the Qatari capital, Doha. The stakes are high, and the world watches closely as both sides weigh their options.


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