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5 Things to Know Today: Inflation Data, Gas Prices & a Mortgage Rate Gap (July 20, 2026)

  July 20, 2026 Here's what's moving Canadian wallets today: a big inflation number lands this morning, gas prices are climbing again, mortgage shoppers are staring at the widest fixed-variable gap in years, and there's a fresh scam warning from the CRA. 1. Statistics Canada releases June inflation data today Statistics Canada is publishing the June Consumer Price Index this morning. Economists polled by Reuters expect the headline rate to ease to roughly 2.9%, down from May's 3.2% — which had been the fastest pace since late 2023. The expected improvement comes mainly from a temporary lull in gasoline prices last month, though the Bank of Canada has already warned that the outlook remains clouded by the Middle East conflict and unresolved trade issues with the United States. What it means for you: A softer number would be welcome, but don't expect it to last — gas prices have already jumped again in July. Grocery and household budgets should stay tight through the...
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Syria's Deadliest Days: Over 1,000 Killed in Clashes and Revenge Killings


In a tragic escalation of violence, over 1,000 people have lost their lives in Syria during two days of intense clashes and revenge killings. The conflict erupted between Syrian security forces and loyalists of ousted President Bashar al-Assad, with sectarian violence targeting the Alawite community, a key support base of the former regime.

The Britain-based Syrian Observatory for Human Rights reported that the death toll includes 745 civilians, 125 government security personnel, and 148 militants. The violence has left areas like Latakia without electricity and water, further deepening the humanitarian crisis.

The revenge killings, primarily carried out by Sunni Muslim gunmen, have devastated Alawite villages, with reports of targeted shootings, looting, and arson. Thousands have fled to the mountains seeking safety, while bodies remain unburied in the streets of towns like Baniyas.

This marks one of the deadliest episodes in Syria's 14-year conflict, raising fears of further instability in the region. The new government in Damascus, led by Hayat Tahrir al-Sham, has vowed to protect minorities, but the situation remains dire.


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