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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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Canada Signals Arctic Unity With Planned Troop Deployment to Greenland

Canada's Prime Minister Mark Carney is considering sending soldiers to Greenland to take part in military exercises with NATO allies.

Canada is preparing to send a small group of soldiers to Greenland in a move aimed at reinforcing NATO unity with Denmark as Arctic tensions continue to rise.

Government officials say the proposal, now under review by the prime minister, would place Canadian Armed Forces personnel alongside Danish and other NATO troops already increasing their presence on the island. The deployment would be modest in size but significant in symbolism, underscoring Canada’s commitment to collective security in the far north.

Several European allies have recently expanded their military activities in Greenland, reflecting growing geopolitical interest in the Arctic. Canada’s participation would align with this broader NATO effort and highlight the alliance’s shared stance on protecting strategic northern territory.

The final decision is expected soon, with officials emphasizing that the mission is designed to strengthen cooperation rather than escalate tensions.


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