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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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Netanyahu’s Stern Warning to Iran Amid Escalating Tensions in Lebanon


                                              

Prime Minister Benjamin Netanyahu issued a stark warning to Iran on Monday, emphasizing Israel’s capability to strike its enemies anywhere. This declaration comes in the wake of intensified Israeli airstrikes in Lebanon, which have targeted Hezbollah strongholds and resulted in significant casualties.

Netanyahu’s message, delivered via a videotaped address, was directed at the Iranian government rather than its people. He underscored that Israel’s military actions are a response to threats posed by Hezbollah, a group backed by Tehran. The recent airstrikes, including one that leveled an apartment building in central Beirut, have heightened regional tensions.

The Israeli Prime Minister’s warning highlights the ongoing volatility in the Middle East, with potential implications for broader geopolitical stability. As Israel continues its military operations, the international community watches closely, concerned about the possibility of further escalation.


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