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

Netanyahu Cancels Israeli Delegation to U.S. After U.N. Ceasefire Vote

Israeli Prime Minister Benjamin Netanyahu has canceled an Israeli delegation’s planned visit to Washington, D.C., scheduled for this week. The decision came after the United States refrained from vetoing a United Nations Security Council resolution calling for an immediate ceasefire between Israel and Hamas in Gaza.

The U.N. Security Council’s resolution marks the first time it has demanded an immediate ceasefire since the war began. Fourteen out of fifteen countries voted in favor of the resolution, which specifically called for a halt to fighting in Gaza during the month of Ramadan. Notably, the resolution did not impose any preconditions, such as the release of hostages.

The United States’ abstention from voting was a significant shift. Just last week, the U.S. submitted a draft resolution calling for an immediate ceasefire without linking it to the release of hostages held by Hamas in Gaza. The change in position reflects a departure from decades of stalwart support for Israel.

U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, emphasized the ongoing diplomatic efforts led by the United States, Qatar, and Egypt to secure an immediate and sustainable ceasefire. She stressed the need to alleviate the suffering of Palestinian civilians in Gaza, who are in dire need of protection and life-saving humanitarian assistance.

Netanyahu’s decision to cancel the delegation’s trip underscores the tension surrounding the UN vote and highlights the delicate balance between international diplomacy and regional conflict. As the situation continues to evolve, the world watches closely for any signs of progress toward peace in the troubled region.

Last October, President Biden met with Netanyahu in Tel Aviv, but recent events have strained the traditionally strong U.S.-Israel relationship.

As the conflict persists, the international community remains hopeful for a resolution that brings an end to the violence and paves the way for lasting peace in the Middle East.

Labels:

Comments

Post a Comment