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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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Toronto Takes a Stand: Raptors Fans Reject “51st State” Notion with Anthem Booing

 

At Toronto’s Scotiabank Arena, a surge of patriotic defiance was on full display as Raptors fans booed the U.S. national anthem during pre-game festivities against the Los Angeles Clippers. The protest unfolded in the wake of U.S. President Donald Trump’s recent announcement of steep tariffs on Canadian goods—a move that many critics say is an effort to pressure Canada into economic alignment, with some even likening it to an attempt to turn Canada into the “51st state.” 

The incident began when a 15-year-old singer’s rendition of “The Star-Spangled Banner” was met with sustained boos from the crowd. In a striking reversal of sentiment, the arena erupted into cheers as “O Canada” was performed immediately afterward. Joseph Chua, a Toronto resident and game attendee, noted, “I’ve always stood for both anthems, but today we’re feeling a little bitter about things. It’s like we’re saying, ‘Canada is not for sale.’”

This display of discontent is part of a broader trend seen across Canadian sports arenas, with similar reactions reported at NHL games in Ottawa and Vancouver. While coaches and team officials have largely refrained from commenting, the sentiment among fans is unmistakable—a collective stand against policies that threaten to upend the longstanding U.S.–Canada trade relationship.

The tariffs, which target a range of Canadian imports, have already prompted retaliatory measures from Prime Minister Justin Trudeau and provincial leaders, urging Canadians to buy local and support domestic industries. As the trade war intensifies, moments like these in Toronto not only capture the spirit of national pride but also serve as a potent symbol of resistance against what many see as unwarranted economic aggression.

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