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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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Nine-Month Odyssey: NASA Astronauts Return to Earth

NASA astronauts Butch Wilmore and Suni Williams, along with two other crew members, have safely returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Originally planned as an eight-day test mission, their stay was prolonged due to technical issues with the Boeing Starliner spacecraft.

The astronauts made their journey back aboard SpaceX's Crew Dragon capsule, which undocked from the ISS early Tuesday morning. After a 17-hour trip, the capsule re-entered Earth's atmosphere and splashed down off the coast of Florida under clear skies. The descent was slowed by two sets of parachutes, ensuring a smooth landing.

This mission highlighted NASA's contingency planning and the resilience of its astronauts. Wilmore and Williams, both veteran astronauts and retired U.S. Navy test pilots, faced months of uncertainty before their return. Their homecoming marks the end of a challenging yet historic chapter in space exploration.

The crew will now undergo health checks at NASA's Johnson Space Center in Houston before reuniting with their families. Their extended mission underscores the unpredictable nature of space travel and the importance of adaptability in overcoming challenges.

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