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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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Turbulent Times: The Middle East After Raisi’s Tragic Demise

 


The recent death of Iran’s president, Ebrahim Raisi, in a helicopter crash on a remote mountainside adds to the already fraught situation in the Middle East. Here are some key points to consider:

  1. Israel-Hamas Conflict: Israel’s war against Hamas has escalated tensions across the region. The humanitarian catastrophe in Gaza over the last seven months has drawn global attention and condemnation. This conflict has also brought the longstanding shadow war between Iran and Israel into the open.

  2. Proxy War: While direct strikes between Iran and Israel have temporarily ceased, the proxy war continues. Iran-backed militias like Hamas and Hezbollah continue to engage in hostilities with Israel’s forces.

  3. Domestic Unrest in Iran: Iran’s hardline leadership faces challenges at home. Recent popular dissent, triggered by years of US-led sanctions and worsened economic conditions, has led to demonstrations against clerical rule. Human rights violations have been reported, and opposition to religious leadership remains entrenched among many Iranians, especially the youth.

  4. Raisi’s Presidency: Ebrahim Raisi, a former hardline judiciary chief, was elected president in 2021. His victory signaled a shift toward a harder-line era in Iran. However, voter turnout was low, reflecting discontent with the political elite’s engineered election process.

  5. War Crimes Warrants: The International Criminal Court (ICC) is seeking war crimes warrants for Hamas leader Yahya Sinwar and Israeli Prime Minister Benjamin Netanyahu. These warrants relate to attacks on Israel and subsequent events.

In summary, the Middle East faces complex challenges, including ongoing conflicts, domestic unrest, and international legal scrutiny. The death of Iran’s president adds another layer of uncertainty to an 

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