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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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Thousands Cheer at the 120th Toronto Santa Claus Parade, But Future Uncertain

Thousands of spectators lined the streets of Toronto on November 24, 2024, to witness the 120th annual Santa Claus Parade. The festive event featured colorful floats, marching bands, and of course, Santa Claus himself, bringing joy to both children and adults alike. Despite the celebration, organizers have expressed concerns about the parade's future due to rising costs and funding shortfalls.

Organizers have launched a GoFundMe campaign to raise $250,000 to cover the expenses of the parade. So far, they have managed to raise over $136,000, but more support is needed to ensure the beloved tradition continues. The city has committed some funds, and there is hope that federal support will also be forthcoming.

The parade's CEO, Clay Charters, emphasized the importance of the event to Toronto's community and economy, noting that it brings significant economic benefits to local businesses. Mayor Olivia Chow echoed this sentiment, calling the parade an essential part of Toronto's history and culture.

As the city waits for a Christmas miracle in the form of additional funding, the future of the Toronto Santa Claus Parade hangs in the balance.



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