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

Israeli Airstrike in Southern Gaza Leaves 71 Dead

 

In a devastating attack on the southern Gaza Strip, at least 71 people lost their lives, according to the Gaza Health Ministry. The strike, which occurred in the Khan Younis area, also left 289 others injured. Many of the injured and deceased were taken to the nearby Nasser Hospital.

The Israeli official identified the target of the strike as Mohammed Deif, believed to be the chief architect of an earlier attack that killed around 1,200 people in southern Israel. Deif has long been on Israel’s most-wanted list and has reportedly escaped multiple assassination attempts in the past. Rafa Salama, another top Hamas official, was also targeted in the strike, though details on their fate remain unclear.

This tragic incident adds tension to ongoing talks between U.S., Egyptian, and Qatari mediators, who are working to narrow gaps between Israel and Hamas regarding a proposed three-phase cease-fire and hostage release plan in Gaza. The potential killing or injury of any senior Hamas official threatens to derail these delicate negotiations. 

Labels:

Comments

Post a Comment