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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...
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Persistence Amid Tragedy: Hamas Continues Hostage Negotiations

 

In the wake of a devastating personal loss, Ismail Haniyeh, the leader of Hamas, has reaffirmed the group’s commitment to pursuing a hostage exchange deal. This declaration comes after an Israeli airstrike resulted in the death of three of Haniyeh’s sons, marking a poignant moment in the ongoing conflict.

Despite the tragedy, Haniyeh emphasizes that the interests of the Palestinian people remain paramount. The pursuit of a ceasefire and the release of hostages continue to be a priority for Hamas, as they navigate through the complexities of negotiation with Israel. Haniyeh’s resolve in the face of adversity sends a clear message: the quest for a resolution does not wane, even under the shadow of personal grief.

The recent events have not deterred the militant group from its goal of reaching an agreement. Haniyeh’s statement underscores the delicate balance between the pursuit of peace and the harsh realities of conflict. As talks progress, the world watches, hoping for a peaceful outcome that can bring an end to the suffering on both sides.

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