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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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Geopolitical Tensions Rattle Wall Street as Futures Slide on Trump’s Iran Warning

 


Markets tumbled Thursday morning as renewed geopolitical uncertainty sent U.S. stock futures sharply lower, with investors reacting to President Trump’s latest remarks that the war with Iran is “not yet over.” 

U.S. stock futures stumbled early Thursday after President Trump’s national address failed to signal a clear end to the ongoing U.S.–Israeli conflict with Iran. Futures tied to the Dow Jones Industrial Average dropped more than 600 points, while S&P 500 futures fell 1.5% and Nasdaq 100 futures slid 2%, reflecting heightened investor anxiety. 

The market’s reaction was driven largely by Trump’s assertion that the conflict is not yet resolved, despite reports that Iran’s president has approached the U.S. about a potential ceasefire. Trump emphasized that any agreement would depend on reopening the Strait of Hormuz, a critical global energy chokepoint. He also warned that U.S. forces would “hit Iran hard” before any withdrawal in the coming weeks. 

Energy markets surged in response. West Texas Intermediate crude jumped 7% to around $107 per barrel, while Brent crude climbed above $108, extending a weeks-long rally fueled by supply concerns. The spike in oil prices added pressure to equities, particularly as investors weigh inflation risks and the economic impact of prolonged conflict. 

The downturn comes ahead of the holiday-shortened trading week, with markets set to close for Good Friday. Traders now turn their attention to upcoming jobless claims data and Friday’s March jobs report, hoping for signs of stability amid geopolitical turbulence. 

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