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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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Markets Reel as Geopolitical Tensions Spike Oil and Sink Futures

US stock futures fell sharply Monday as escalating conflict between the US, Israel, and Iran rattled global markets and sent investors fleeing risk assets. Dow Jones Industrial Average futures slid more than 500 points, while S&P 500 and Nasdaq 100 futures also dropped over 1%, reflecting heightened uncertainty and renewed volatility. 

Oil prices surged in response to the unrest, with Brent crude jumping between 10% and 13% in early trading before stabilizing near the high-$70 range. West Texas Intermediate climbed more than 8%, driven by fears of supply disruptions after attacks near the Strait of Hormuz—a critical passage for global crude shipments. 

The geopolitical shockwaves extended across global markets. Asian equities tumbled, gold strengthened, and investors braced for inflationary pressures tied to rising energy costs. The combination of military escalation and fragile market sentiment—already strained by volatility in tech and AI-related stocks—has amplified concerns about the economic outlook heading into March. 

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