Canadian Money Brief | October 19, 2026 CFB Wainwright Fire: What We Know and How to Help Without Getting Scammed Four Canadian soldiers are dead and 39 people were hurt after a grass fire overtook a live-fire training exercise in Alberta. When tragedy hits, Canadians want to help. Scammers know it. What happened On Saturday, October 17, a fire ignited in a training area at Canadian Forces Base Wainwright, about 200 km southeast of Edmonton. Officials say it began as a grass fire during training that included grenades and live ammunition. Military leaders said the fire was known to range control for hours and was believed to be contained enough for training to continue. Then the wind turned. Reporting from Al Jazeera and ABC News describes gusts jumping from about 50 km/h to as high as 96 km/h, pushing the flames toward soldiers and their administrative area. Defence officials said 84 members of the Princess Patricia's Canadian Light Infantry were in the training area. Four servi...
Stock Market Today: S&P 500 and Nasdaq Extend Winning Streak Ahead of Jackson Hole Symposium
US stocks continued their upward momentum today, with the S&P 500 and Nasdaq Composite both on track for their eighth consecutive daily gain. Investors are eagerly awaiting Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium later this week.
Key Points:
- S&P 500 ( ^GSPC): The broad-market index rose 0.5%, extending its longest winning streak of the year.
- Nasdaq Composite ( ^IXIC): The tech-heavy index increased more than 0.5%, also aiming for an eighth consecutive session win.
- Dow Jones Industrial Average ( ^DJI): The Dow gained over 200 points, mirroring the positive sentiment.
Last week’s strong rally helped recover losses from an early August sell-off, as encouraging inflation and consumer spending data eased recession concerns. Confidence in a “soft landing” for the economy has grown, leading investors to focus on the magnitude of potential rate cuts by the Fed in September.
Keep an eye on Powell’s speech and the upcoming Democratic National Convention for further market insights.
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