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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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Thousands of Syrians Begin Journey Home from Turkey

 

Hundreds of Syrian refugees gathered at the Cilvegozu and Oncupinar border crossings in southern Turkey on Monday, eagerly awaiting their return home following the fall of President Bashar Assad’s government. Many arrived at the border gates at daybreak, wrapped in blankets and coats, some even setting up makeshift fires to keep warm.

Among the crowd was 28-year-old Muhammed Zin, who fled Damascus in 2016 and has been living in Istanbul. “Assad was shooting us, killing us,” he told the Associated Press. “I will return to Syria now. Thank God, the war is over,” he said.

Seer Ali, 18, who left Damascus six years ago, expressed similar sentiments. “We are very happy, very happy. Not just me, but everyone, all of us Syrians here are very happy,” he said. “Everyone will return, no one will stay here. They will all go to their families.”

Turkish officials have not disclosed the exact number of Syrians who have returned since Assad’s downfall. Authorities have set up checkpoints to ensure only those with proper documentation can advance to the border gate. The fall of Assad has sparked widespread joy among Turkey’s three million Syrian refugees, many of whom have taken to the streets to celebrate.

Turkish Foreign Minister Hakan Fidan stated, “We will continue our efforts to ensure the safe and voluntary return of Syrians and to rebuild the country.”

As the first major wave of refugees begins their journey home, the future remains uncertain, but hope and excitement fill the air.




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