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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 Urges Swift Action as Gaza Ceasefire and Hostage Deal Begin

Relatives and supporters of Israeli hostages held by Hamas in the Gaza Strip celebrate after the announcement that Israel and Hamas have agreed to the first phase of a peace plan, as they gather at a plaza known as the hostages square in Tel Aviv, Israel, Thursday, Oct. 9, 2025.


Prime Minister Mark Carney has called the opening days of the U.S.-brokered Gaza ceasefire agreement “crucial,” stressing that both Israel and Hamas must follow through on their commitments to ensure the fragile deal holds.

The first phase of the plan includes a pause in fighting, the release of 20 Israeli hostages by Hamas, and Israel’s withdrawal of troops to an agreed line within Gaza. In return, Israel is expected to release a number of Palestinian prisoners. The arrangement is designed to pave the way for a phased end to the conflict, though medium- and long-term details remain under negotiation.

Carney, speaking on Parliament Hill, thanked U.S. President Donald Trump as well as Qatar, Egypt, and Turkey for their roles in brokering the agreement. He emphasized Canada’s readiness to contribute humanitarian aid and explore additional ways to support peace efforts.

Foreign Affairs Minister Anita Anand echoed the prime minister’s remarks, noting that Ottawa is working with international partners on a broader 20-point peace plan. She also raised the possibility of Canada contributing expertise in governance and development, and participating in discussions about a potential stabilization force.

While Canadian leaders expressed cautious optimism, Carney underscored that the coming days will determine whether the ceasefire can evolve into a lasting peace.

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