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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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Rubio Cautions Israel on West Bank Annexation Amid Fragile Gaza Truce

                                    Marco Rubio is travelling to Israel to try to shore up the fragile ceasefire

U.S. Secretary of State Marco Rubio has warned that Israel’s parliament’s preliminary move toward annexing parts of the occupied West Bank could jeopardize ongoing peace efforts in the region. Speaking before departing for Israel, Rubio stressed that Washington cannot support annexation at this time, noting that such a step risks undermining a fragile ceasefire deal in Gaza and complicating broader negotiations.

The Knesset’s symbolic vote, pushed forward by far-right lawmakers, granted initial approval to a bill that would extend Israeli sovereignty over the West Bank. The move was widely seen as an attempt to pressure Prime Minister Benjamin Netanyahu, who has previously voiced support for annexation but has avoided advancing it due to concerns over U.S. relations and regional stability.

Palestinians, who claim the West Bank as part of a future independent state, condemned the measure. International bodies, including the International Court of Justice, have previously deemed Israel’s occupation of the territory illegal.

Rubio’s visit to Israel underscores Washington’s efforts to preserve the tenuous truce between Israel and Hamas while keeping alive the possibility of renewed peace talks.


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