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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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Carney Stands by Foreign Travel, Citing Gains in Trade and Investment

 

                                            Prime Minister Mark Carney


Prime Minister Mark Carney is pushing back against criticism of his frequent international travel, insisting that his trips abroad are essential to advancing Canada’s economic and diplomatic interests.

Carney, who has already visited more than a dozen countries since taking office in March, argues that these missions are laying the groundwork for stronger trade partnerships and new investment opportunities. “We are building our strength at home, diversifying our partnerships abroad and creating a web of strong global connections,” he said in a recent statement.

The prime minister’s latest stop is London, where he is attending the Global Progress Action Summit alongside leaders from the U.K., Australia, Spain, and Denmark, as well as meeting with energy firms and investment bodies.

Opposition parties, however, have accused Carney of neglecting domestic issues, pointing to rising concerns over affordability and inflation. Conservative Leader Pierre Poilievre has criticized the prime minister’s “globe-trotting,” suggesting Canadians are left to deal with worsening conditions at home.

Supporters counter that Carney’s outreach is a necessary response to shifting global dynamics, particularly as Canada seeks to diversify trade ties beyond the United States. International affairs experts note that his efforts are aimed at positioning Canada as “open for business” and attracting long-term investment.

As Carney continues his diplomatic push, the debate over whether his travels deliver tangible benefits for Canadians is likely to intensify.


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