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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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G7 Foreign Ministers Meet in Niagara to Hear Ukraine’s Plea Amid Escalating War



Top diplomats from the Group of Seven (G7) nations gathered in Niagara-on-the-Lake, Ontario, for high-stakes talks with Ukraine’s Foreign Minister as Russia intensifies its assault on Ukraine’s power grid. The meeting, hosted by Canada’s Foreign Affairs Minister Anita Anand, comes at a critical moment as rolling blackouts sweep across Ukraine ahead of winter.

Foreign ministers from Canada, the United States, the United Kingdom, France, Germany, Italy, Japan, and the European Union posed for a family photo before beginning discussions. Ukraine’s foreign minister is expected to brief the group on the humanitarian and security consequences of Russia’s latest attacks, which have left millions vulnerable to freezing temperatures.

The summit is not limited to Ukraine. Ministers are also addressing broader geopolitical challenges, including instability in the Middle East and shifting trade relationships. Still, Ukraine remains the centerpiece of the agenda, with G7 leaders reaffirming their commitment to supporting Kyiv against Russian aggression.

Canada, closing out its presidency of the G7, has emphasized the importance of multilateralism and global partnerships. Minister Anand underscored that “meeting global challenges requires global partnerships,” highlighting the need for collective action in the face of escalating conflicts.

The Niagara meeting symbolizes both solidarity and urgency. As Ukraine braces for a harsh winter under relentless bombardment, the G7’s diplomatic backing is seen as vital to sustaining international pressure on Russia and ensuring continued aid flows to Kyiv.


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