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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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Market Cautious as Jobs Data Looms

                                           

US stock futures retreated today as investors cautiously weighed rate-cut odds ahead of crucial jobs data.

 Dow Jones Industrial Average futures (YM=F) and S&P 500 futures (ES=F) both fell roughly 0.4%, while tech-heavy Nasdaq 100 futures (NQ=F) were down about 0.6%. 

The market is playing it safe in a week dominated by Friday’s June jobs report, and doubts are creeping in about stocks maintaining their first-half rally. Investors are also closely watching political risk, speculating on what a Trump election win could mean for markets. 

Jerome Powell’s speech and weekly job openings data will further shape expectations for interest-rate cuts.


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