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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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Belarus Weighs Nuclear Capability for Polonez Missile Systems Amid Rising Tensions

 

Belarusian members of the military take part in a Victory Day parade, which marks the anniversary of the victory over Nazi Germany in World War Two, in Minsk


Belarus is exploring the possibility of equipping its domestically produced Polonez multiple-launch rocket systems with nuclear warheads, according to senior security officials. The move comes as Minsk seeks to modernize its missile production and bolster defense capabilities in response to what it describes as growing military threats from neighboring NATO countries.

President Alexander Lukashenko emphasized the need to strengthen Belarus’ strategic arsenal, noting that the country is also considering integrating technology from Russia’s Oreshnik hypersonic missile into a joint weapons project. While Belarus does not possess its own nuclear weapons, it hosts Russian tactical nuclear arms under Moscow’s control.

The Polonez system, jointly developed with China and in service since 2016, has recently seen its range extended from 200 km to 300 km. Officials say discussions on nuclear armament are still in the exploratory phase, but the prospect has already raised concerns about regional security and the balance of power in Eastern Europe.


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