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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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Transatlantic Trade Tensions Escalate Amid Tariff Dispute


The European Union (EU) has swiftly responded to former U.S. President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports. In a move aimed at countering the economic impact, the EU announced retaliatory tariffs on $28 billion worth of U.S. goods. These measures target a range of products, including agricultural goods, textiles, and iconic American items like bourbon and motorcycles.

European Commission President Ursula von der Leyen expressed regret over the U.S. tariffs, emphasizing their negative impact on businesses and consumers on both sides of the Atlantic. She described the EU's countermeasures as "proportionate" and reiterated the bloc's openness to negotiation.

This latest development marks a significant strain in transatlantic relations, with both sides facing economic uncertainty and potential disruptions to supply chains. The EU's actions highlight its determination to protect its economic interests while signaling a willingness to engage in dialogue to resolve the dispute.


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