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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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Tragedy Sparks Reform: B.C. Premier Eby Announces Mental Health Act Overhaul

In the wake of the devastating Lapu-Lapu Day festival attack in Vancouver, which claimed 11 lives and left many injured, Premier David Eby has pledged to review and reform British Columbia's Mental Health Act. The suspect, who was under mental health care supervision, has raised concerns about the adequacy of current legislation in preventing such tragedies.

Eby emphasized the need for a comprehensive review to address gaps in the system and ensure public safety. Health Minister Josie Osborne will lead the initiative, supported by experts in psychiatry and concurrent disorders. While the timeline for the review remains unclear, the urgency of the matter has been underscored by calls for action from community leaders and officials.

This tragic incident has ignited a broader conversation about mental health care and public safety in the province, with many advocating for reforms that balance individual rights with community protection. The review aims to provide solutions that prevent future incidents while supporting those in need of mental health care.

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