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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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Israeli Cabinet to Vote on Ceasefire Deal with Lebanon

 

The Israeli cabinet is set to convene on Tuesday to vote on a proposed ceasefire deal with Lebanon, according to a senior Israeli official. This meeting comes amid ongoing hostilities and follows a year of cross-border hostilities between Israel and Hezbollah.

The proposed deal, backed by the United States, includes an Israeli military withdrawal from southern Lebanon and the deployment of Lebanese army troops in the border region within 60 days. A five-country committee, including France and chaired by the United States, will monitor compliance with the ceasefire.

Despite the diplomatic progress, tensions remain high as both sides continue to engage in military actions. Israeli airstrikes have targeted Hezbollah-controlled areas in Beirut, while Hezbollah has launched rocket attacks on Israel.

Prime Minister Benjamin Netanyahu's office has yet to comment on the reports, but the senior Israeli official confirmed that the cabinet meeting is intended to approve the ceasefire text.

The outcome of Tuesday's vote could mark a significant step towards ending the conflict and bringing stability to the region.




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