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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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Tariff Tensions Rise as EU Awaits Trump’s Next Move

The European Union is holding its breath as it awaits a formal letter from U.S. President Donald Trump that could outline sweeping new tariffs on European exports. This development follows a flurry of tariff announcements targeting countries such as Japan, South Korea, and Canada, with rates climbing as high as 50% on copper and 35% on Canadian goods.

Negotiations between the EU and the U.S. have been ongoing, with hopes of reaching a framework trade agreement before the August 1 deadline. However, internal divisions within the EU—Germany pushing for a swift deal to protect its industrial base, while France urges caution against a one-sided agreement—have complicated the bloc’s position.

Trump’s unpredictable tariff strategy has already rattled global markets. European shares dipped, gold prices rose for a third straight session, and U.S. futures slid as investors sought safe havens amid uncertainty. The EU has prepared countermeasures, including levies on up to €72 billion worth of U.S. imports, though these remain suspended for now.

As the deadline looms, EU officials remain hopeful yet cautious. “We remain locked and loaded to sign an agreement with the U.S.,” said EU spokesperson Olof Gill. “Let’s see what happens when our friends in Washington wake up a few hours from now”.

Whether the EU receives a conciliatory letter or a fresh tariff salvo, the outcome will likely shape the trajectory of transatlantic trade for months to come.

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