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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’s Bold New Projects Signal Ambition Amid Challenges

                                            Prime Minister Mark Carney

Mark Carney, the former Bank of England governor and current UN Special Envoy on Climate Action and Finance, has unveiled a slate of ambitious new projects aimed at reshaping global finance and sustainability. These initiatives range from accelerating green investment frameworks to strengthening international cooperation on climate risk disclosure.

While the vision is bold, the road ahead is far from easy. Carney’s projects demand coordination across governments, financial institutions, and private investors—each with competing priorities. The challenge lies not only in mobilizing trillions of dollars for climate solutions but also in ensuring accountability and transparency in how those funds are deployed.

Supporters argue that Carney’s leadership could be pivotal in bridging the gap between financial markets and climate action, while critics warn that the scale of transformation required may test even his seasoned expertise. Regardless, these projects mark a decisive step toward aligning global finance with the urgent realities of climate change.


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