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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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UAE Calls for Urgent Gaza Ceasefire in Rare Meeting with Netanyahu at UN

Israeli Prime Minister Benjamin Netanyahu addresses the 80th United Nations General Assembly at UN headquarters in New York City.

On the sidelines of the United Nations General Assembly in New York, UAE Foreign Minister Sheikh Abdullah bin Zayed met with Israeli Prime Minister Benjamin Netanyahu, urging an immediate end to the war in Gaza.

According to the UAE’s state news agency, Sheikh Abdullah stressed the urgent need for a permanent ceasefire, the protection of civilian lives, and the delivery of humanitarian aid to the besieged enclave. He reiterated the UAE’s commitment to supporting international efforts aimed at achieving a comprehensive peace based on the two-state solution, which he said was essential to fulfilling the aspirations of both Palestinians and Israelis.

The meeting marked Netanyahu’s first with a senior Arab official since Israel’s recent military escalation, which has drawn widespread condemnation across the region. While many Arab states have taken a confrontational stance, the UAE has opted for direct engagement, reflecting its strategy of balancing dialogue with pressure under the framework of the Abraham Accords.

Analysts note that the UAE’s call for de-escalation underscores growing international frustration with the conflict’s humanitarian toll, as well as concerns that prolonged fighting could destabilize broader regional relations.


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