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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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Federal Government Injects $1 Billion to Stabilize Canada Post

 

The federal government is extending another major financial lifeline to Canada Post, approving a fresh $1‑billion loan facility as the postal service continues to grapple with steep losses and mounting operational pressures.

The new funding is designed as a temporary, repayable measure to help the Crown corporation maintain essential services while it pushes ahead with a broad modernization plan. Canada Post has faced years of declining mail volumes, rising parcel competition, and escalating labour and infrastructure costs — challenges that have contributed to billions in cumulative losses.

Ottawa has signaled that this latest support comes with an expectation of meaningful reform. Canada Post has already submitted a transformation strategy that includes modernizing delivery networks, updating service standards, and reducing operational inefficiencies. The government has also removed several long‑standing constraints that previously limited the corporation’s ability to adapt.

While the loan provides short‑term stability, officials have emphasized that Canada Post must evolve to remain viable. The funding underscores the government’s commitment to preserving a national postal service, even as it pushes for significant structural change.


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