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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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Fed Holds Rates Steady, Signals Two Cuts Ahead in 2025



The U.S. Federal Reserve announced Wednesday that it will keep interest rates unchanged, maintaining its benchmark range at 4.25% to 4.5% for the fourth consecutive meeting. Despite concerns over inflation and slower economic growth, officials reaffirmed their expectation of two rate cuts later this year, with projections indicating a year-end rate of **3.9%.  

The Fed's latest forecast suggests inflation will rise to 3% by the end of 2025, up from the 2.7% projected in March. Additionally, the unemployment rate is expected to reach 4.5%, slightly above the previous estimate of 4.4%. Economic growth projections have also been revised downward, with GDP now expected to expand by 1.4%, compared to the earlier forecast of 1.7%.  

Federal Reserve Chair Jerome Powell emphasized the central bank's cautious approach, stating that while inflation remains a concern, the Fed is committed to balancing economic stability with necessary policy adjustments. The decision comes amid ongoing uncertainty surrounding global trade policies and geopolitical tensions, which continue to impact financial markets.  

With two rate cuts still anticipated before the end of the year, investors and businesses will closely monitor upcoming Fed meetings for further guidance on monetary policy shifts.

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