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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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Trump's Greenland Gambit: Denmark in Crisis Mode After Fiery Call

 

In a dramatic turn of events, Denmark finds itself in "crisis mode" following a contentious phone call between former U.S. President Donald Trump and Danish Prime Minister Mette Frederiksen. The call, which lasted 45 minutes, saw Trump making a direct and aggressive push to acquire Greenland, a move that has left Danish officials deeply unsettled.

Sources familiar with the conversation described it as "horrendous," with Trump being firm and confrontational. The Danish government, which had previously dismissed Trump's interest in Greenland as a mere curiosity, is now taking the threat seriously. One official likened the call to a "cold shower," emphasizing the potential danger of the situation.

Despite Frederiksen's clear stance that Greenland is not for sale, Trump remained adamant about his intentions. The call has not only strained diplomatic relations but also heightened concerns about the future of Greenland's autonomy. Danish officials are now scrambling to address the fallout and reassure their citizens and allies.

The situation underscores the complexities of international diplomacy and the unpredictable nature of geopolitical negotiations. As Denmark navigates this crisis, the world watches closely, aware that the implications of this standoff could extend far beyond the icy shores of Greenland.

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