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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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Liberal Party Begins Leadership Race as Trudeau Announces Resignation


The Liberal Party of Canada has officially begun the process of selecting a new leader following Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen. Trudeau, who has led the party since 2013, stated that he is not the right choice to lead the party in the next election.

The party's president, Sachit Mehra, confirmed that a meeting of the national board of directors will be held this week to initiate the leadership contest. The board has the flexibility to determine the timeline for the leadership vote, which will be influenced by political circumstances.

Several potential candidates have already signaled their interest in running for the leadership position. Among the names frequently discussed are former finance minister Chrystia Freeland, who resigned from her cabinet position last month, and other prominent Liberal figures.

The leadership race comes at a critical time for the Liberal Party, as opposition parties are preparing to challenge the government through a non-confidence vote. The outcome of this leadership contest will shape the future direction of the party and its strategy for the upcoming federal election.



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