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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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Battles Rage Around Rafah After US Halts Some Weapons to Israel

 

In the ongoing conflict between Israel and the Palestinian Islamist group Hamas, the southern Gaza city of Rafah has become a focal point. Here’s a brief overview of the situation:

  1. US Halts Shipment of Powerful Bombs:

    • As Israeli troops battled Hamas on the outskirts of Rafah, the United States made a significant move by halting a shipment of powerful bombs that Israel could potentially use in a full-scale assault.
    • This decision aims to prevent civilian casualties and further escalation in the region.

  2. Ceasefire Talks in Cairo:

    • Ceasefire negotiations have resumed in Cairo, with delegations from Hamas, Israel, the US, Egypt, and Qatar participating.
    • The remaining differences between Israel and Hamas are being addressed, and there is optimism that the Palestinian militant group’s latest ceasefire proposal can bridge the gaps.
    • CIA Director Bill Burns is also involved in these talks, traveling from Cairo to Israel to meet with Israeli Prime Minister Benjamin Netanyahu and officials.

  3. Challenges and Warnings:

    • Israel declared Hamas’ three-phase proposal unacceptable due to softened terms, but the revised proposal suggests that the remaining gaps can be closed.
    • Hamas warns that continued Israeli military aggression in Rafah could jeopardize any truce agreement.
    • The situation remains tense, with both sides closely monitoring developments.

  4. Humanitarian Impact:

    • The seizure of the main border crossing between Gaza and Egypt in Rafah has cut off a vital route for aid into the enclave.
    • Hundreds of thousands of displaced Palestinians in Gaza are facing homelessness and hunger.

In summary, the battles in Rafah continue, and the US’s decision to halt weapon shipments underscores the urgency of finding a peaceful resolution. The world watches as negotiations unfold, hoping for a breakthrough that will spare lives and bring stability to the region.


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