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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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Stock Markets Today: North American markets close higher



The Toronto Stock Exchange (TSX) 300 Composite Index closed at 20,290.41, up by 1.32% or 265.27 points from the previous close. The S&P/TSX 60 Index rose by 1.37% or 16.38 points to close at 1,214.77The S&P/TSX Venture Composite Index increased by 0.93% or 5.43 points to close at 588.15.

The TSX 300 Composite Index’s gain was driven by the rise in energy and financial stocks, which were up by 2.4% and 1.7%, respectively. The increase in oil prices due to the hurricane Ida’s impact on oil production in the Gulf of Mexico was one of the reasons for the rise in energy stocks. The financial sector’s rise was due to the Bank of Montreal’s announcement of a dividend increase and share buyback program.

In the US, the Dow Jones Industrial Average (DJIA) closed at 35,335.71, up by 0.37%, while the S&P 500 index closed at 4,486.23, up by 0.10% 3. The Nasdaq Composite index closed at 15,235.73, down by 0.17% .





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