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Weekly Market Snapshot: Trade Talks Collapse, 50% Tariffs Hit as Markets Wrap a Choppy Week

  Published August 22, 2026 · Canadian Money Brief BREAKING OVER THE WEEKEND U.S.-Canada trade talks collapsed late Friday night, and the U.S. imposed 50% tariffs on roughly $20 billion of Canadian goods just after midnight Saturday. Ottawa says it will retaliate dollar-for-dollar. Here's what happened on the markets before that news broke — and what it means for your wallet now. It was a genuinely strange week to be a Canadian investor. Stocks mostly rallied through Friday on hope that Washington and Ottawa were closing in on a trade deal. Then, hours after the closing bell, that deal fell apart. The 50% tariff that had been threatened, paused, and re-threatened for weeks finally landed. Markets haven't had a chance to react to it yet — that reaction starts Monday morning. Below is how the week actually traded, market by market, followed by what the tariff news means for you and what's on deck for next week. TSX: A Choppy Week That Ended With a Miner-Led Rally The S&P/...
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Tensions Rise Following Israeli Drone Strike in Lebanon

 

In the early hours of Thursday, an Israeli drone strike in eastern Lebanon resulted in the death of a prominent militant leader, Muhammed Jabara, affiliated with both Hamas and the Lebanese Islamist group al-Jamaa al-Islamiya. The strike occurred in the village of Ghazzeh, located in the Western Beqaa District, approximately 40 kilometers from the Israeli border.

Jabara, a key figure in orchestrating attacks against Israel, was targeted while driving. The Israeli Defense Forces (IDF) confirmed the strike, stating that Jabara was responsible for planning and executing attacks, including rocket fire, on northern Israel. His death is seen as a significant blow to the operational capabilities of Hamas and its allies in the region.

The aftermath of the strike has heightened tensions along the Lebanon-Israel border, with increased military presence and heightened alertness on both sides. Lebanese state media reported that the strike has led to a surge in security measures and a state of heightened vigilance among militant groups.

This incident is part of a broader pattern of escalating hostilities between Israel and militant groups in Lebanon, often involving cross-border skirmishes and retaliatory attacks. The situation remains volatile, with potential implications for regional stability and security.

As the region braces for possible further escalations, international observers are calling for restraint and dialogue to prevent a full-scale conflict.



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