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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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Global Tensions Rise as UN Reimposes Sanctions on Iran

 


The United Nations has reinstated an arms embargo and sweeping sanctions on Iran after European powers accused Tehran of violating the 2015 nuclear agreement. Britain, France, and Germany triggered the so-called “snapback” mechanism at the UN Security Council, citing Iran’s enrichment of uranium beyond permitted levels and restrictions placed on international inspectors.

The renewed measures include a ban on arms sales, uranium enrichment, and ballistic missile development, alongside travel bans and asset freezes targeting dozens of Iranian individuals and entities. All UN member states are now authorized to seize prohibited materials linked to Iran’s nuclear program.

Iran has strongly condemned the move, recalling its ambassadors from London, Paris, and Berlin. President Masoud Pezeshkian insisted that while Iran will remain within the Nuclear Non-Proliferation Treaty, it will not bow to what he called “unjust pressure.” Meanwhile, Israel welcomed the sanctions as a “major development,” while Russia denounced them as “unlawful” and warned the UN against recognizing their legitimacy.

The reimposition of sanctions comes amid heightened instability in the Middle East, following recent strikes on Iranian nuclear facilities by Israel and the United States. European leaders stressed that diplomacy remains on the table, urging Tehran to return to compliance and resume negotiations.


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