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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. Issues Stern Warning as Rubio Pressures Venezuela’s New Leadership

 

                                                      Secretary of State Marco Rubio  

Washington is signaling a tougher stance toward Venezuela as Secretary of State Marco Rubio prepares to warn that the United States is willing to use force if the country’s new leadership strays from agreed‑upon political goals. Rubio’s upcoming remarks to lawmakers emphasize that while the U.S. prefers diplomatic cooperation, it expects Venezuela’s interim government to stay aligned with commitments made during the transition of power.

The warning comes at a delicate moment for Venezuela, where a shift in leadership has raised both hopes for stability and concerns about future direction. Rubio argues that U.S. support is not unconditional and that any deviation from democratic reforms or security agreements could trigger a stronger response.

The message underscores a broader U.S. strategy aimed at shaping Venezuela’s political trajectory and maintaining influence in a region marked by volatility. As the new government works to establish legitimacy, Rubio’s comments highlight the pressure it faces from Washington to stay the course.


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