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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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Global Partners Pledge Billions for Gaza at Trump’s Board of Peace Launch

 

U.S President Donald Trump, Indonesia's President Prabowo Subianto, Albania's Prime Minister Edi Rama, Saudi Minister of State for Foreign Affairs, Cabinet Member, and Climate Envoy Adel Al-Jubeir, Azerbaijani President Ilham Aliyev, and Jordan's Foreign Minister Ayman Safadi attend the inaugural Board of Peace meeting at the U.S. Institute of Peace in Washington, D.C., U.S., February 19, 2026

At the inaugural meeting of the Board of Peace in Washington, President Donald Trump announced that participating nations have pledged billions toward Gaza’s reconstruction. According to multiple reports, nine member countries committed a combined $7 billion to a new reconstruction fund, alongside agreements from several nations to contribute personnel to an international stabilization force. 

The commitments include troop pledges from Indonesia, Morocco, Kazakhstan, Kosovo, and Albania, with Egypt and Jordan offering to train police forces to support future security operations in Gaza. 

Trump emphasized that the initiative aims to rebuild critical infrastructure and support long‑term stability in the region, though the plan remains contingent on significant political and security developments on the ground. The United States also signaled its intention to contribute substantial funding to the effort. 

The Board of Peace, introduced as a new platform for coordinating international conflict‑resolution and reconstruction efforts, is expected to play a central role in shaping future diplomatic discussions surrounding Gaza’s recovery. 


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