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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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Cranberry Pistachio Biscotti

 

Ingredients:

  • 2 cups all-purpose flour
  • 1 1/2 teaspoons baking powder
  • 3/4 cup sugar
  • 1/2 cup unsalted butter, room temperature
  • 1 teaspoon grated lemon zest
  • 1/4 teaspoon salt
  • 2 large eggs
  • 1 cup shelled pistachios
  • 2/3 cup dried cranberries

Instructions:

  1. Preheat oven to 350°F. Line a large baking sheet with parchment paper.
  2. In a medium bowl, whisk together flour and baking powder.
  3. In a large bowl, beat sugar, butter, lemon zest, and salt until light and fluffy.
  4. Add eggs one at a time, beating well after each addition.
  5. Gradually add flour mixture, beating until just blended.
  6. Stir in pistachios and cranberries.
  7. Divide dough in half. With floured hands, shape each half into a 2 1/2-inch-wide, 9 1/2-inch-long log.
  8. Place logs on prepared baking sheet, spacing apart.
  9. Bake logs for 25 minutes. Logs will spread.
  10. Reduce oven temperature to 300°F. Bake logs until golden brown, about 30 minutes longer.
  11. Cool logs completely on sheet on rack.
  12. Transfer logs to work surface; discard parchment paper.
  13. Using a serrated knife, cut logs crosswise into generous 1/2-inch-thick slices.
  14. Place slices, cut side down, on same sheet. Bake 12 minutes.
  15. Turn biscotti over; bake until just beginning to color, about 8 minutes.
  16. Transfer biscotti to rack and cool.

Enjoy your delicious Cranberry Pistachio Biscotti!

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