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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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Diplomatic Dance: Carney and Trump Meet Without Major Shifts

 

Prime Minister Mark Carney and U.S. President Donald Trump met at the White House for their first face-to-face discussion since Carney’s election victory. While the meeting was expected to address key issues such as trade and military cooperation, no significant breakthroughs or conflicts emerged.  

Trump reiterated his controversial stance on Canada potentially becoming the 51st U.S. state, calling it a “beautiful marriage,” but Carney firmly dismissed the idea, stating that Canada is “never for sale”. The leaders also touched on trade negotiations, with Carney emphasizing that the Canada-United States-Mexico Agreement (CUSMA) would serve as a foundation for future discussions.  

Despite Trump’s continued tariffs on Canadian goods, the meeting remained cordial, with both leaders agreeing to further talks in the coming months. While no major policy shifts were announced, the meeting set the stage for ongoing diplomatic engagement between the two nations.

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