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Weekly Market Snapshot: Trade Talks Collapse, 50% Tariffs Hit as Markets Wrap a Choppy Week

  Published August 22, 2026 · Canadian Money Brief BREAKING OVER THE WEEKEND U.S.-Canada trade talks collapsed late Friday night, and the U.S. imposed 50% tariffs on roughly $20 billion of Canadian goods just after midnight Saturday. Ottawa says it will retaliate dollar-for-dollar. Here's what happened on the markets before that news broke — and what it means for your wallet now. It was a genuinely strange week to be a Canadian investor. Stocks mostly rallied through Friday on hope that Washington and Ottawa were closing in on a trade deal. Then, hours after the closing bell, that deal fell apart. The 50% tariff that had been threatened, paused, and re-threatened for weeks finally landed. Markets haven't had a chance to react to it yet — that reaction starts Monday morning. Below is how the week actually traded, market by market, followed by what the tariff news means for you and what's on deck for next week. TSX: A Choppy Week That Ended With a Miner-Led Rally The S&P/...
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Catherine, Princess of Wales, Reveals Cancer Diagnosis and Begins Chemotherapy

 



In a heartfelt video message released on Friday, Catherine, Princess of Wales, announced that she has been diagnosed with cancer and has already commenced chemotherapy. The news comes after weeks of speculation about her health and whereabouts since she underwent unspecified abdominal surgery in January.

The 42-year-old princess described the diagnosis as a “huge shock” for her and her husband, Prince William. She emphasized the need for privacy during this challenging time for their young family. Catherine’s announcement echoes that of King Charles III, who disclosed his own cancer diagnosis and treatment earlier this year.

Catherine’s health journey has been closely followed by the public, especially after her abdominal surgery. Initially believed to be noncancerous, further tests revealed evidence of cancer. Doctors recommended chemotherapy, which she recently began. The recovery process has been arduous, but Catherine has taken the time to explain everything to her children—George, Charlotte, and Louis—and reassure them that she will be okay.

The royal family now faces a period of deep uncertainty. With both the 75-year-old monarch and Catherine dealing with health challenges, the future remains uncertain. The king’s own cancer diagnosis added to the family’s concerns, although the specific type of cancer has not been disclosed.

Catherine, the future queen, implored the public and the media to respect her family’s need for privacy during this difficult time. She expressed gratitude for the support they have received and asked for understanding as they navigate this personal battle.

As the world sends well wishes and hopes for her speedy recovery, Catherine’s strength and resilience shine through. We stand by her side during this challenging chapter, offering our thoughts and prayers for her health and well-being.


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