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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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Mass Displacement in Lebanon Amid Escalating Conflict

 

Lebanon is facing a humanitarian crisis as over one million people have been displaced due to escalating violence between Israel and Hezbollah. The conflict has intensified, with Israeli airstrikes targeting various locations, including the Lebanese capital, Beirut.

The Lebanese Health Ministry reports that more than 1,000 people have been killed and at least 6,000 wounded in the past two weeks. The situation has forced approximately one-fifth of the population to flee their homes, seeking safety in less affected areas or neighboring countries.

The displaced population is experiencing severe hardships. Many have found temporary refuge in places like the city of Sidon, where they sleep in parking lots, or in mountain villages like Aramoun, where locals have opened their homes to those in need. The fear and anxiety among the displaced are palpable, as they worry about their safety even in their new locations.

The conflict has also affected Syrian refugees in Lebanon, who now find themselves displaced once again. Raed Ali, a Syrian refugee, expressed his despair, stating, "We don’t know where to go. That is the problem, we don’t know what our fate is".

The international community is closely monitoring the situation, with humanitarian organizations working to provide aid and support to the displaced population. However, the ongoing violence and the potential for further escalation continue to pose significant challenges for relief efforts.

As the conflict shows no signs of abating, the displaced Lebanese population remains in a state of uncertainty and fear, hoping for a resolution that will allow them to return to their homes safely.


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