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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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Wall Street Pulls Back as Investors Weigh Potential Fed Shift

 



U.S. stock futures slipped as traders assessed the market impact of former Federal Reserve Governor Kevin Warsh emerging as President Donald Trump’s preferred pick to lead the central bank. The possibility of a policy shift under new leadership added a layer of uncertainty to an already sensitive market environment.

Market Movement

  • Dow futures edged lower, reflecting broad investor caution.
  • S&P 500 futures also dipped, signaling a softer open for large‑cap equities.
  • Nasdaq futures fell more sharply as tech stocks continued to face pressure.

Why Warsh’s Name Matters

Warsh has long been viewed as more hawkish than recent Fed leadership, though he has recently echoed Trump’s calls for rate cuts. That combination — a history of tighter policy paired with openness to easing — leaves investors unsure how he might steer the Fed at a time when markets crave clarity.

The Broader Mood

With economic data mixed and geopolitical tensions simmering, traders are reacting quickly to any hint of change at the central bank. Warsh’s potential nomination adds another variable to a market already navigating shifting expectations.


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