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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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Escalation in the Shadows: Israel Strikes Tehran as Iran Renews Missile Assaults

In a dramatic escalation of hostilities, Israel launched targeted airstrikes on Iranian government facilities and the notorious Evin Prison in Tehran on Monday, responding to a fresh wave of missile and drone attacks from Iran. The strikes come amid heightened regional tensions following U.S. airstrikes on Iranian nuclear sites over the weekend.

According to Israeli defense officials, the strikes aimed at “military command centers” and infrastructure linked to Iran’s Revolutionary Guard, including roads near the Fordo nuclear facility to hinder access. One of the most symbolic targets was Evin Prison, known for housing political prisoners and dual nationals, which reportedly suffered damage to its main gate.

Iran, for its part, described its missile barrage as part of “Operation True Promise 3,” targeting Israeli cities including Haifa and Tel Aviv. Explosions were also reported in Jerusalem, though no major damage has been confirmed.

The United Nations nuclear watchdog warned of “very significant damage” at Iran’s Fordo facility following the U.S. strikes, raising fears of a broader conflict involving multiple global powers.

As both nations brace for potential retaliation, international leaders are urging restraint and a return to diplomacy. The European Union emphasized the urgent need to de-escalate, warning that the risk of a wider regional war is growing by the hour.

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