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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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Protest Wave Builds as Minneapolis Becomes Focal Point of Immigration Crackdown

 

Large crowds gather downtown in subzero temperatures as hundreds of Minnesota businesses close in a statewide "ICE Out" protest and strike against federal immigration enforcement and the expanded ICE operations in Minneapolis, Minnesota, Jan. 23, 2026.



A nationwide protest movement is gaining momentum as activists, community groups, and civil‑rights organizations prepare coordinated demonstrations demanding an end to President Donald Trump’s intensified immigration enforcement efforts. Minneapolis has become the symbolic center of the outcry, with recent events in the city sparking widespread anger and mobilization.

Rising Tensions in Minneapolis

The city has been on edge following two fatal encounters involving federal immigration agents earlier this month. The deaths have fueled public frustration and raised concerns about the scale and conduct of federal operations. Local leaders and residents say the heavy presence of immigration officers has created an atmosphere of fear, prompting calls for immediate policy changes.

A National Response

Organizers across the country are planning synchronized protests to pressure the administration to halt the crackdown and withdraw federal forces from Minneapolis. Earlier demonstrations in the city drew large crowds despite harsh winter conditions, signaling deep public concern. Businesses have also joined the movement, with many participating in a statewide strike to show solidarity.

A Flashpoint in the Immigration Debate

As Minneapolis braces for another wave of demonstrations, the city has become a defining battleground in the national debate over immigration enforcement. With public scrutiny intensifying and protests spreading, the coming days may play a significant role in shaping the direction of federal policy.


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