Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israel Approves New Parcel of West Bank Land for Settlement

 

Israeli Finance Minister Bezalel Smotrich has declared 800 hectares in the occupied West Bank as state land. This move aims to facilitate the use of the ground for settlement building. The announcement comes on the same day that U.S. Secretary of State Antony Blinken visited Israel for talks with Prime Minister Benjamin Netanyahu. Despite growing international opposition, the Israeli government remains determined to press ahead with settlement construction in the West Bank.

The designation of 1,976 acres of land in the Jordan Valley as state land follows a similar decision regarding 300 hectares (740 acres) in the Maale Adumim area of the West Bank. The latter area is crucial to the Palestinians’ vision of a future independent state.

Last month, the United States stated that Israel’s expansion of settlements in the West Bank was inconsistent with international law, aligning with the global consensus that considers these settlements illegal. Israel, however, disputes this view, citing historical and Biblical ties to the land. Meanwhile, the Palestinians view the expansion of settlements as a deliberate Israeli policy aimed at undermining their aspiration for an independent state with East Jerusalem as its capital.

The Palestinian Ministry of Foreign Affairs condemned this latest move, describing it as “a continuation of the extermination and displacement of our people from their homeland.”

Despite the controversy, Israeli Finance Minister Bezalel Smotrich’s declaration underscores the government’s commitment to settlement building in the West Bank. The situation remains highly contentious, with implications for regional stability and peace efforts.

Labels:

Comments

Post a Comment