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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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Friendly Fire Tragedy: Israeli Civilian Killed Near Lebanon Border

 

Smoke rising from the site of an Israeli air strike that targeted Zawtar on March 22. Lebanon was pulled into the Middle East war when Hezbollah fired rockets into Israel.

                                    

Israeli authorities have acknowledged that the first Israeli civilian death in the ongoing Lebanon border conflict was the result of friendly fire. The victim, Ofer Moskovitz, a 60‑year‑old avocado farmer from Misgav Am, was killed when Israeli artillery mistakenly struck the area during operations supporting troops engaged with Hezbollah forces across the border. 

Initial military findings revealed operational errors in both planning and execution, leading to the fatal misfire. The Israeli Defense Forces stated that the artillery was intended to assist soldiers operating in southern Lebanon but instead hit Moskovitz’s location. 

The incident has prompted an internal investigation as tensions continue to escalate along the northern frontier, running parallel to broader regional conflict involving Iran-backed groups. 

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