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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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Flames on the Water: Iranian Strikes Challenge Trump’s Victory Claim

anian explosive-laden boats appear to have attacked two fuel tankers in Iraqi waters setting them ablaze.

Iranian attacks on oil infrastructure have intensified across the Middle East, directly contradicting President Donald Trump’s assertion that the U.S. had already “won” the conflict. Multiple reports confirm that two foreign oil tankers were set ablaze in Iraqi waters after being struck by suspected Iranian explosive‑laden boats, escalating regional tensions and disrupting vital energy routes.

The strikes have triggered significant economic and geopolitical ripples. Oil prices surged sharply—at times nearing or surpassing $100 per barrel—as Iran warned the world to prepare for prices as high as $200 per barrel. The attacks also forced the shutdown of Iraqi oil port operations and prompted nearby nations to reposition vessels for safety. 

Iran’s actions appear designed to demonstrate its continued military reach and strategic leverage, directly undermining Trump’s narrative of a swift and decisive U.S. victory. As the conflict widens, the burning tankers have become a stark symbol of a war far from resolved.

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