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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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Aurora Alert: Northern Lights to Dazzle Canadian Skies This Week


A spectacular display of the northern lights, also known as the aurora borealis, is expected to light up the night skies across Canada this week. The National Oceanic and Atmospheric Administration (NOAA) has issued a geomagnetic storm watch, predicting that the northern lights will be visible as far south as Oregon and the U.S. Midwest, putting Canada right in the path for a breathtaking light show.

The solar storm responsible for this phenomenon is expected to peak on Tuesday night, with strong G3 solar storms forecasted for Tuesday and moderate G2 storms on Wednesday and Thursday. This means that Canadians from coast to coast may have the opportunity to witness the night sky erupt in vibrant colors.

For the best viewing experience, it’s recommended to get away from city lights and look to the north. The ideal time to see the aurora is within an hour or two of midnight, or between 10 p.m. and 2 a.m. local time. Clear skies and minimal moonlight will enhance the visibility of this natural wonder.

So, if you’re in Canada this week, don’t forget to look up and enjoy the celestial spectacle!






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