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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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Regional Tensions Erupt as Iran Targets Gulf States

 

                                    Smoke rises in the sky after blasts were heard in Manama, Bahrain


Iran’s latest missile barrage has sharply escalated tensions across the Gulf, striking multiple Arab states and leaving one person dead in Abu Dhabi. The attacks came after Tehran vowed retaliation for earlier U.S.–Israeli strikes, pushing conflict into a region long considered relatively stable. 

Several countries—including the United Arab Emirates, Bahrain, Qatar, Kuwait, and Jordan—reported incoming projectiles, with some successfully intercepted by air defenses. The UAE confirmed one fatality in Abu Dhabi but released no further details. 

Regional governments swiftly condemned the strikes. Leaders across the Arab world described the attacks as a violation of sovereignty and a dangerous expansion of hostilities. Many of the targeted states host U.S. military facilities, making them flashpoints in the widening confrontation between Iran and its adversaries. 

The situation remains volatile as governments assess damage, bolster defenses, and brace for potential further escalation.

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