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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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Trump Threatens Military Action in Nigeria Over Islamist Militants

                                                Donald Trump says he would also cut all aid to Nigeria

U.S. President Donald Trump has ordered the Pentagon to prepare plans for possible military action in Nigeria, citing what he described as the government’s failure to stop Islamist militant groups from carrying out attacks. In a fiery social media post, Trump accused Nigerian authorities of allowing the “killing of Christians” and warned that the United States could both cut off aid and intervene directly if the violence continues.

Trump’s remarks come amid ongoing insurgencies in Nigeria, particularly in the northeast where Boko Haram and Islamic State–West Africa Province (ISWAP) have waged a brutal campaign since 2009. These groups have targeted both Muslims and Christians, displacing millions and killing tens of thousands. However, Trump’s framing of the crisis as primarily anti-Christian has drawn criticism from analysts and rights groups, who note that violence in Nigeria affects communities across religious and ethnic lines.

The Nigerian government has pushed back against Trump’s claims. President Bola Tinubu emphasized that the country’s security challenges are “not about religion but about terrorism and criminality,” stressing that both Christians and Muslims have suffered from extremist violence. Nigerian officials have also warned that foreign intervention could complicate an already fragile security situation.

Trump’s threat marks a significant escalation in U.S. rhetoric toward Africa’s most populous nation. While Washington has long provided Nigeria with counterterrorism support, including intelligence sharing and military training, the idea of direct U.S. military intervention is unprecedented. Critics argue that such a move could destabilize the region further, while supporters of Trump’s stance insist that stronger action is needed to protect vulnerable communities.

The situation remains tense, with observers watching closely to see whether Trump’s warning translates into concrete military steps or remains a political pressure tactic. Either way, the announcement has thrust Nigeria’s long-running insurgency back into the global spotlight, raising questions about the balance between sovereignty, security, and international intervention.


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