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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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U.S. Forces Shift Toward Middle East as Trump Softens Tone on Iran

 

The state bank building burned during Iran's protests, on a street in Tehran, Iran, January 19, 2026

A new wave of American military assets is moving toward the Middle East, even as President Donald Trump adopts a more measured tone in his public comments about Iran. The deployments include naval and air defense elements positioned to reinforce U.S. interests in the region amid ongoing uncertainty surrounding Iran’s political climate and nuclear ambitions.

The decision to reposition forces follows weeks of heightened tension, during which Washington signaled a willingness to respond forcefully if Tehran escalated its activities. Recently, however, Trump has emphasized that he hopes to avoid direct conflict, framing the military movements as precautionary rather than provocative.

Despite the shift in rhetoric, the scale of the deployment suggests that the United States is preparing for a range of potential outcomes. Defense officials have indicated that additional assets could be sent if conditions deteriorate, underscoring the administration’s desire to maintain flexibility while keeping diplomatic options open.


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