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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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Ottawa Unveils Five‑Year GST Credit Boost With Special June Top‑Up

Prime Minister Mark Carney makes a point as he answers a question from media during an event at a grocery store in Ottawa on Monday, Jan. 26, 2026. 

Ottawa is moving ahead with a major affordability measure aimed at helping low‑ and modest‑income Canadians manage rising household costs. The federal government plans to increase the GST credit by 25% for the next five years, providing a steady boost to quarterly payments for millions of eligible residents.

To deliver more immediate relief, a one‑time top‑up will also be issued in June, giving households an extra financial lift as food and essential expenses continue to strain budgets.

Under the enhanced benefit, a family of four could receive close to $1,900 in the first year, while a single individual may see their annual support rise to nearly $950. The government says the measure is part of a broader effort to improve affordability while longer‑term strategies to address high living costs continue to develop.


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