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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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Beijing Tightens Grip on Shipping Amid Escalating US Trade Clash

China has intensified its trade dispute with the United States by imposing new restrictions on the shipping sector, targeting American subsidiaries of South Korea’s Hanwha Ocean Co. The move, announced by Beijing’s Ministry of Commerce, prohibits Chinese entities from conducting business with five US-based units of the shipbuilding giant.

The sanctions come as part of a broader tit-for-tat struggle between the world’s two largest economies, each seeking leverage ahead of anticipated trade talks. Washington has previously imposed curbs on Chinese maritime and logistics firms, citing concerns over unfair competition and national security.

Markets reacted swiftly to the news, with global equities dipping as investors grew wary of prolonged tensions. Hanwha Ocean’s shares fell sharply in Seoul, while Chinese shipbuilders saw a boost in trading.

Analysts warn that the latest escalation could disrupt global shipping routes and increase costs for international trade, particularly if both sides expand restrictions. With maritime dominance at the heart of the dispute, the standoff underscores the fragile state of US-China relations and the potential ripple effects across global supply chains.


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