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5 Things to Know Today: 3 Days to the Tariff Deadline

  August 16, 2026 Ottawa and Washington are down to the wire on a trade deal, the TSX just wrapped its best week in months, and Statistics Canada drops a report tomorrow that could shape your mortgage rate. Here's what's moving your money today. 1. The tariff deadline is 3 days out — and there's still no deal Wednesday, August 19 is when Washington's threatened 50% tariffs on roughly $20 billion of Canadian goods — autos, alcohol, and dairy — are set to kick in. Trade Minister Dominic LeBlanc and chief negotiator Janice Charette have met U.S. Trade Representative Jamieson Greer four times in three weeks, and a Canadian government source told Reuters this week that talks are "progressing well" and that Washington also wants a deal before the deadline. Reports suggest Ottawa is weighing concessions — dropping its retaliatory auto tariffs, easing provincial bans on U.S. alcohol, and adjusting dairy quotas — in exchange for the U.S. backing off. What it means for ...
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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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