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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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Canada Post Strike Halts Mail Service, Disrupting Businesses and Consumers

Postal workers walk the picket line in front of a Canada Post facility in Medicine Hat, Alta., on Thursday, after their union said employees were going back on strike.

Canada Post workers have once again walked off the job, launching a nationwide strike that has brought mail and parcel delivery to a standstill. The Canadian Union of Postal Workers (CUPW) called the strike in response to sweeping reforms announced by the federal government, which include ending home delivery for millions of households and lifting the moratorium on closing rural post offices.

The disruption is expected to cause significant delays for businesses and consumers alike. Canada Post confirmed that no new mail or parcels will be accepted during the strike, and service guarantees for items already in the system have been suspended. Essential deliveries, such as government benefit cheques and shipments of live animals, will continue, but most services are on hold.

The government has argued that the reforms are necessary to stabilize the financially struggling Crown corporation, which has been losing millions of dollars each month. CUPW, however, says the changes will erode service quality, particularly for rural and Indigenous communities, while undermining workers’ rights.

With negotiations stalled and both sides standing firm, Canadians are bracing for prolonged delays that could ripple through e-commerce, small businesses, and everyday life.


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