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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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Israeli Forces Intensify Strikes on Gaza City Outskirts as Ground Offensive Looms

 

                                      Smoke rises following an Israeli strike in Gaza City on 24 August.


Israeli forces have escalated bombardments on Gaza City’s suburbs, including Zeitoun, Shejaia, and Sabra, as the government pushes ahead with plans to seize the city. Witnesses reported relentless overnight shelling and airstrikes that destroyed homes, roads, and entire blocks, forcing more families to flee despite many having already been displaced multiple times.

The military has approved a large-scale operation, calling up around 60,000 reservists to join the campaign. Officials say the goal is to dismantle Hamas’s remaining strongholds, but humanitarian agencies warn the offensive will deepen Gaza’s already catastrophic crisis, with the UN documenting dozens of recent strikes on residential areas and shelters.

As the assault intensifies, aid groups report continued civilian casualties, including people killed while seeking food and water. With hundreds of thousands still trapped in the city, the coming weeks are expected to bring even heavier fighting and further displacement.

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