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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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Kevin Warsh Tapped to Lead Federal Reserve in Major Policy Shift

                                            Kevin Warsh

Kevin Warsh, a former Federal Reserve governor, has been selected by President Donald Trump to serve as the next chair of the U.S. central bank. His appointment signals a potential turning point for the Fed as it navigates debates over inflation, interest rates, and the future direction of monetary policy.

Warsh previously served on the Federal Reserve Board from 2006 to 2011, a period marked by the global financial crisis. His background blends government experience, academic work, and private‑sector involvement, giving him a reputation as someone who understands both financial markets and the inner workings of the Fed.

Trump has praised Warsh as a decisive leader who could bring a fresh approach to the institution. The nomination comes at a moment when the administration has been pushing for more aggressive rate cuts, suggesting that Warsh’s leadership may align with a more growth‑focused monetary stance.

If confirmed by the Senate, Warsh would succeed Jerome Powell when Powell’s term ends, taking over at a time when economic uncertainty and political scrutiny of the Fed are both running high.


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