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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. Naval Power Rises as Trump Warns Iran Over Nuclear Ambitions

                                            File photo: Anti-US billboard in Tehran

Tensions in the Middle East have sharpened after President Donald Trump announced that a large U.S. naval force is positioned near Iran. He described the deployment as an “armada,” emphasizing that the United States is prepared to respond swiftly if Iran continues advancing its nuclear program.

According to Trump, the show of force is intended to push Tehran back to the negotiating table for a stricter, more comprehensive agreement. He warned that Iran risks severe consequences if it refuses diplomacy, noting that the U.S. military presence in the region is stronger than in previous years.

Iran maintains that its nuclear activities are peaceful, but the renewed pressure has raised concerns among analysts who fear the situation could escalate if neither side steps back. The deployment underscores the fragile state of U.S.–Iran relations and the potential for miscalculation in an already volatile region.


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