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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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Iran Names New Supreme Leader Amid Escalating Gulf Strikes

                                            Ayatollah Khamenei was killed in strikes last weekend

Iran has selected a new supreme leader as the conflict engulfing the Gulf intensifies, marking a pivotal moment in a rapidly escalating regional war. According to senior Iranian officials, the Assembly of Experts has chosen a successor following the killing of Ayatollah Ali Khamenei in an Israeli strike last week, though the identity of the new leader has not yet been revealed. 

The announcement comes as Iran, the U.S., and Israel enter the ninth day of hostilities, with missile and drone attacks continuing across the Gulf. Regional states—including the UAE, Bahrain, and Kuwait—report ongoing damage to critical infrastructure as Iranian projectiles strike civilian and government sites. 

The leadership vacuum in Tehran has heightened tensions, with Israel signaling it may target any successor while Iran vows further retaliation. As diplomacy stalls and military exchanges intensify, global leaders warn that the conflict risks spiraling further without immediate de-escalation. 

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