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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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Shockwaves in the Middle East as U.S. and Israel Strike Iranian Leadership

 

Smoke rises following an explosion, after Israel's Defence Minister Israel Katz said Israel had launched a pre-emptive attack against Iran, in Tehran.


The United States and Israel have launched coordinated military strikes on Iran, marking a dramatic escalation in regional tensions and plunging the Middle East into a new phase of conflict. According to multiple reports, the operation targeted key figures within Iran’s leadership structure, including sites linked to Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian. 

Explosions were reported across Tehran and other major cities as waves of missiles struck strategic locations. Smoke was seen rising over the capital, and Iranian media confirmed widespread impacts. The strikes were described by U.S. President Donald Trump as part of a “massive and ongoing” campaign intended to eliminate threats posed by the Iranian regime and potentially pave the way for political change within the country. 

Iran responded swiftly, launching missiles toward Israel and targeting U.S. military facilities across the region. The exchange has raised fears of a broader regional war, with international leaders calling for restraint. French President Emmanuel Macron urged an immediate ceasefire, warning that the escalation poses grave risks to global security. 

As the situation continues to unfold, the world watches closely, aware that the consequences of this confrontation could reshape geopolitical dynamics across the Middle East and beyond.

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