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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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Afghanistan Quake Tragedy Deepens as Aid Shortages Threaten Survivors

A man tries to clear rubble of a collapsed house on Wednesday after a powerful earthquake struck eastern Afghanistan on Sunday.

A devastating series of earthquakes has left Afghanistan reeling, with the confirmed death toll climbing to 2,205 and more than 3,600 injured. The first tremor, a magnitude 6.0 quake, struck the eastern provinces of Kunar and Nangarhar on Sunday, flattening villages and destroying over 6,700 homes. A second quake of magnitude 5.5 on Tuesday compounded the destruction, triggering landslides that cut off access to remote communities.

Survivors, many now homeless, face mounting challenges as aid agencies warn of dwindling resources. The United Nations estimates that up to 84,000 people have been directly or indirectly affected, with thousands displaced. Relief efforts are hampered by rugged terrain, unstable ground from heavy rains, and a severe funding shortfall. The World Food Programme has resources to support survivors for only four more weeks, while the World Health Organization reports a $3 million funding gap for essential medical supplies.

Humanitarian groups describe the disaster as a “crisis within a crisis” for a nation already struggling with economic hardship, climate impacts, and the return of millions of displaced citizens.


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