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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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Pope Francis to Make First Public Appearance in Over a Month

Pope Francis, 88, is set to make his first public appearance in five weeks this Sunday. The Vatican announced that the pontiff, who has been battling double pneumonia, will greet the public and offer a blessing from the window of his room at Rome's Gemelli Hospital. This marks a significant moment, as the pope has been hospitalized since February 14, making this his longest absence from public view since his election in 2013.

While his health has shown improvement, the Vatican has indicated that Pope Francis will not deliver the traditional Angelus prayer this Sunday, signaling that his recovery is ongoing. The pope's hospitalization has been a challenging period, but his resilience and determination to connect with the faithful remain evident.

This appearance will undoubtedly bring relief and joy to Catholics worldwide, who have been praying for his swift recovery. It also highlights the pope's commitment to his role, even amidst health challenges.

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