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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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Russia Warns NATO and EU: Any Aggression Will Trigger ‘Decisive Response’

Russia's Foreign Minister Sergey Lavrov addresses the 80th United Nations General Assembly (UNGA), at the U.N. headquarters in New York City, U.S., September 27, 2025.

Russian Foreign Minister Sergey Lavrov issued a stark warning at the United Nations General Assembly, declaring that any act of aggression against Russia would be met with a “decisive response.” His remarks come amid heightened tensions between Moscow and NATO following a series of airspace incidents in Eastern Europe.

Lavrov dismissed claims that Russia intends to attack NATO or EU countries, insisting that Moscow has “never had and does not have such intentions.” However, he cautioned that attempts to down Russian aircraft or breach its sovereignty would be considered serious violations.

The warning follows reports of Russian fighter jets entering Estonian airspace and drones being intercepted over Poland, incidents that have alarmed European leaders. NATO has vowed to defend its territory against further incursions, while the United States reaffirmed its commitment to protecting “every inch” of alliance soil.

Lavrov also criticized what he described as “militaristic rhetoric” from Western leaders, while leaving the door open for dialogue with Washington. Despite the ongoing war in Ukraine, he emphasized that Russia remains open to “frank discussions” with the United States on diplomatic and security issues.


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