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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’s Leadership Crossroads: Assembly Reaches Consensus on Successor

 

Iranian media said the group had a minor disagreement over whether they would need to meet in person to issue their final decision, or bypass this formality.

A majority consensus has been reached within Iran’s Assembly of Experts on who will succeed the slain Supreme Leader Ayatollah Ali Khamenei, according to multiple reports from Iranian and international media. Assembly member Ayatollah Mohammadmehdi Mirbaqeri confirmed that the clerical body has “more or less” settled on a candidate, though he noted that several procedural obstacles remain before a formal announcement can be made. 

The decision follows days of intense deliberation amid heightened regional tensions and uncertainty about Iran’s political future. While the identity of the chosen successor has not yet been released, reports indicate that the selection aligns with guidance left by Khamenei, including the expectation that the next leader should be someone “hated by the enemy.” 

Minor disagreements persist within the Assembly regarding whether the final decision must be issued during an in‑person meeting or can be formalized remotely, reflecting the urgency and sensitivity of the succession process. Despite these unresolved details, officials suggest that the formal announcement could come as soon as the remaining procedural issues are settled. 


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