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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 Stays Seated as Delegates Walk Out During Netanyahu’s UN Speech

                                Prime Minister Benjamin Netanyahu's address to the United Nations General Assembly.

At the United Nations General Assembly in New York, dozens of diplomats staged a mass walkout during Israeli Prime Minister Benjamin Netanyahu’s address. The protest came as Netanyahu condemned countries that recently recognized Palestinian statehood, calling such moves “disgraceful” and a reward for terrorism.

While delegations from many developing nations and some Western allies left the chamber, Canada chose not to participate. Ambassador Bob Rae remained seated throughout the speech, even as the presiding official repeatedly called for order amid the disruption.

Netanyahu’s remarks focused heavily on hostages held by Hamas, threats from Iran, and his rejection of international recognition of Palestinian statehood. His speech was met with heckling from at least one attendee, underscoring the tense atmosphere.

Canada’s decision to stay in the chamber highlights its nuanced diplomatic stance: while Ottawa has joined allies in recognizing a Palestinian state, it opted against the symbolic protest of walking out during Netanyahu’s address.


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