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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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Rising Fears of a Wider Middle East Conflict After US–Israel Strikes on Iran

 

                    A plume of smoke rises after an explosion on February 28, 2026 in Tehran, Iran

                                                             

A wave of international concern has swept across world capitals following major coordinated US and Israeli attacks on Iran, prompting fears that the conflict could spiral into a broader regional war. European leaders convened emergency security meetings as they worked to safeguard their citizens in the Middle East and urged diplomatic intervention to prevent further escalation. 

The strikes have already resulted in significant casualties. Iranian officials reported that an attack on a school in Hormozgan province killed 24 students, marking one of the first confirmed civilian death tolls in the unfolding crisis. Additional reports from the region indicate that at least 51 students were killed in a separate strike on a girls’ school in Minab, underscoring the human cost of the intensifying conflict. 

Iran has responded forcefully, launching missile and drone attacks on US military facilities across several Gulf states, including Bahrain, Qatar, the UAE, Kuwait, Jordan, Iraq, and Saudi Arabia. These retaliatory strikes have heightened fears that the conflict could draw multiple nations into direct confrontation. One person was reported killed in the UAE after shrapnel from an Iranian missile struck the capital, marking the first confirmed fatality from Iran’s counteroffensive. 

As explosions continue to rock cities across the region and diplomatic tensions rise, global leaders are calling for urgent de-escalation to prevent the situation from spiraling into a full-scale regional war.

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