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5 Things to Know Today: Inflation Data, a Tariff Countdown, and a Big Energy Deal

  August 17, 2026 Inflation data lands this morning, the clock on the U.S. tariff deadline is down to two days, and a long-running provincial energy dispute is about to be settled. Here's what's moving your money today. 1. Today's Inflation Report Could Set the Tone for September Statistics Canada releases July's Consumer Price Index this morning. Economists are expecting the annual rate to tick up to roughly 2.9%, from 2.8% in June, mainly because gasoline prices swung higher again in July after the Middle East conflict pushed oil prices back up. Core inflation measures, which the Bank of Canada watches most closely, aren't expected to move much. What it means for you: A hotter-than-expected print would make it less likely the Bank of Canada cuts rates at its September 2 meeting, which matters if you're renewing a variable-rate mortgage or carrying a line of credit. A softer number keeps a cut on the table. 2. The Tariff Deadline Is Two Days Away, and Talks Are...
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China’s recent surge in respiratory illnesses caused by flu and other known pathogens, not COVID-19

 

According to the Chinese health ministry, the recent surge in respiratory illnesses across the country is caused by the flu and other known pathogens, and not by COVID-19. 

The World Health Organization (WHO) has asked China for more data on the respiratory illness spreading in the north of the country, urging people to take steps to reduce the risk of infection . The surge in respiratory illnesses such as flu and RSV has been reported in some parts of China, in the first winter since the country eased its COVID-restrictions. Mycoplasma, which can cause walking pneumonia, is among the bugs that Chinese officials say are behind an outbreak of pneumonia, flu, and COVID-19 in kids.


 


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