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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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Mild Quake Rattles Southern Ontario, Residents Report Sudden Shaking

Earthquakes Canada confirmed a 3.7 magnitude quake struck Ramara, located 23 km east of Orillia and about 100 km north of Toronto. The quake occurred at a depth of 5 kilometres.

A magnitude 3.7 earthquake briefly shook parts of Southern Ontario early this morning, giving residents an unexpected jolt but causing no reported damage. The quake, centred near Lake Erie, was strong enough to be felt across several communities, including Hamilton, St. Catharines, London, and parts of the Greater Toronto Area.

Many people described the sensation as a quick rumble or a single sharp jolt, with some reporting that their windows rattled or furniture shifted slightly. Despite the surprise, seismologists note that small earthquakes like this are not unusual in the region, which sits near several minor fault lines.

Emergency services confirmed they received a handful of calls from concerned residents but emphasized that there were no injuries or structural issues. Experts say aftershocks are unlikely, and the event serves as a reminder that even low-risk areas can experience occasional seismic activity.


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