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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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New Alliance Against ISIS: Turkey Joins Neighbors in Syrian Fight


In a bold regional move, Turkey announced it will join forces with Syria, Iraq, and Jordan to confront the lingering threat of the Islamic State group in Syria. Turkish Foreign Minister Hakan Fidan emphasized that this coordinated effort aims not only to dismantle ISIS’s remaining footholds but also to recalibrate U.S. involvement in the region, particularly by reducing support for Kurdish-led militias that Turkey deems as extensions of the PKK.

Speaking at a press conference in Doha alongside regional leaders, Fidan criticized the current role of the Kurdish YPG, arguing that instead of actively combating ISIS, the group is largely occupied with guarding thousands of ISIS detainees. He suggested that a united regional front would be more effective in eradicating the extremist threat and would allow the United States to reconsider its long-standing alliance with the Kurdish forces.

Preliminary talks among the four nations have already taken place, setting the stage for joint military operations and intelligence sharing. The proposed alliance reflects Turkey’s strategic pivot in the region—seeking to reinforce its national security while pushing for a realignment of external military support in Syria. Critics of U.S. policy, including Turkish officials, hope that this new coalition could prompt a reassessment of Western engagement, especially concerning Kurdish forces in Syria.



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