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CIBC capital markets economist Andrew Grantham said the Bank of Canada is unlikely to rush to re-evaluate policy after July CPI accelerated to 3.0%, slightly above forecasts, driven by energy and World Cup-related travel costs. Core inflation excludi

2026-08-17

CIBC capital markets economist Andrew Grantham said the Bank of Canada is unlikely to rush to re-evaluate policy after July CPI accelerated to 3.0%, slightly above forecasts, driven by energy and World Cup-related travel costs. Core inflation excluding volatile items remained around 2%, and inflation excluding gasoline held at 2.2%. Grantham said the BoC has ample time to assess the impact of energy prices and US-Canada trade tensions before adjusting rates; the next decision is Sept. 2.

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2026-08-18

Jared Kushner, President Trump's son-in-law, met in Jerusalem on the 17th with Prime Minister Netanyahu and a member of a Gaza peace committee to advance a Gaza peace plan. Netanyahu agreed to establish two working groups: one to oversee disarmament

Jared Kushner, President Trump's son-in-law, met in Jerusalem on the 17th with Prime Minister Netanyahu and a member of a Gaza peace committee to advance a Gaza peace plan. Netanyahu agreed to establish two working groups: one to oversee disarmament and demilitarization of the Palestinian Islamic Resistance Movement (Hamas), which both sides said should be completed as soon as possible and before Gaza reconstruction begins; the other to address health, clean water and related basic services.
2026-08-17

Sources say Saudi Aramco is supplying some Asian refiners with Arab medium and Arab heavy crude oil located outside the Strait of Hormuz.

Sources say Saudi Aramco is supplying some Asian refiners with Arab medium and Arab heavy crude oil located outside the Strait of Hormuz.
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