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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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Humanitarian Crisis Deepens in Gaza Amidst Conflict

 

The humanitarian situation in Gaza has reached a critical point as the United Nations warns of an impending famine in the northern regions. The World Food Program’s alarming report indicates that 70% of the population is facing catastrophic levels of hunger, with the possibility of half of Gaza’s 2.3 million residents being pushed to the brink of starvation if the conflict escalates.

Israeli forces have conducted another raid on Gaza’s largest hospital, Shifa Hospital, amidst claims of Hamas militants using the facility for operations. This has raised international concerns and calls for Israel to facilitate the entry of aid and open more crossings to address the dire needs of the Gazan population.

The European Union’s top diplomat has described the looming famine as “entirely man-made,” pointing to the use of starvation as a weapon of war. Aid groups emphasize the necessity of consistent food aid, access to clean water, and healthcare to avert the crisis.

As the war displaces 80% of Gaza’s population, the region’s infrastructure is under severe strain, with many residents resorting to eating animal feed. The international community continues to push for a ceasefire and increased humanitarian aid to prevent a large-scale famine in Gaza.


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