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2 Days to the Tariff Deadline: Oil Tops $88, Loonie Holds Near an 8-Week High

  Monday, August 17, 2026 Markets are heading into a pivotal week with two big countdowns converging: the U.S. tariff deadline hits in just two days (Wednesday, August 19), and Statistics Canada drops its July inflation report this morning at 8:30am ET. Add in a fresh flare-up in the Middle East and a blockbuster AI earnings leak, and Monday's tape has a lot to digest. 🇨🇦 TSX: Off the Record, But Not By Much The S&P/TSX Composite closed Friday at 36,730.27 , down 29.02 points (-0.08%), easing back from Thursday's record close of 36,759.29. It was still the index's best run since April — six straight sessions of gains before Friday's pullback, driven largely by technology names (Shopify -3%, Constellation Software -2.3%, Celestica -4%) tracking weakness in U.S. cloud and platform stocks, plus softer retailers (Alimentation Couche-Tard -0.7%, Loblaw -1.1%) after disappointing U.S. consumer data. Financials held up better, with TD and CIBC both higher on hopes the F...
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Israel Detains Director of Northern Gaza's Last Operating Hospital Amid Ongoing Conflict

In a dramatic escalation of the ongoing conflict, Israeli forces detained Dr. Hussam Abu Safiya, the director of Kamal Adwan Hospital, one of the last functioning medical facilities in northern Gaza. The arrest comes amid a series of overnight strikes that killed nine people, including children.

According to Gaza's Health Ministry, Israeli troops stormed the hospital on Friday, forcing staff and patients to evacuate in harsh winter conditions. Reports indicate that Dr. Abu Safiya and dozens of other hospital staff were taken to an interrogation center. The Israeli army has not responded to questions regarding the detention.

The hospital, which has been repeatedly targeted over the past three months, has seen its infrastructure severely damaged. The Health Ministry reported that a recent strike killed five medical personnel, further crippling the already strained healthcare system in Gaza.

The World Health Organization has condemned the raid, stating that it has put the last major health facility in northern Gaza out of service. The organization has called for an immediate ceasefire and the protection of healthcare facilities and personnel.

The conflict continues to escalate, with both sides suffering significant casualties. The international community has expressed growing concern over the humanitarian crisis unfolding in Gaza.



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