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5 Things to Know Today: Tariffs, a CPI Surprise, and the Mortgage Rate Gap

  July 21, 2026 A new round of US tariffs, a surprise inflation dip, and a widening gap between fixed and variable mortgage rates are all moving in different directions today. Here's what's happening and what it means for your money. 1. Washington hits Canada with new 50% tariffs on everyday goods The White House has announced fresh 50% tariffs on a wide list of Canadian exports, including wine, dairy, furniture, hockey equipment, cement, and clothing. The move is framed as retaliation over Canada's dairy quotas, car import rules, and provincial bans on US alcohol. The tariffs take effect August 19 and apply even to goods that would normally qualify duty-free under CUSMA, though energy, potash, fish, and critical minerals are exempt. What it means for you: This round targets export industries, not imports into Canada, so it won't directly raise shelf prices here the way a Canadian tariff on US goods would. The bigger risk is indirect — job pressure in affected sectors ...
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How to Choose High-Quality Olive Oil: A Guide for Health-Conscious Shoppers

 

Olive oil, a staple of the Mediterranean diet, offers numerous health benefits. From reducing the risk of dementia and poor heart health to promoting cognitive well-being, this golden elixir has much to offer. However, not all olive oils are created equal. To ensure you’re getting the best quality, consider the following factors when selecting your olive oil:

1. Harvest and Processing

  • Opt for brands that prioritize quality from the moment of harvest. Look for oil made from gently harvested, very green olives that haven’t fully ripened. These olives contain a higher concentration of healthful components.
  • Speed matters! Choose oils that go from harvest to processing within a short timeframe. Some companies process olives within two hours, minimizing the risk of oxidation or fermentation.
  • Extra virgin olive oil is the healthiest choice. It’s cold-pressed without high heat or chemical solvents, preserving its nutrients.

2. Freshness and Storage

  • Check product labels for harvest, processing, and bottling dates. Some brands provide this information directly on the label or via QR codes.
  • Aim for bottles that take no more than three months to reach the shelf from harvest. The fresher, the better!
  • Avoid olive oil stored under bright lights or in warm conditions at the grocery store. Heat and light can degrade its quality.

3. Taste and Smell

  • High-quality olive oil should smell fruity, fresh, and slightly grassy. It should have medium to low fluidity.
  • When tasting, look for an intense, slightly bitter flavor with cough-inducing qualities. A clean, fruity taste indicates quality.
  • Ideal containers are dark glass, inox, or ceramic bottles, avoiding PVC containers.

Remember, the health benefits of olive oil come from its components, including oleic acid and polyphenols. So, choose wisely, and elevate your culinary experience with the finest olive oil! 

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