July 16 -31, 2026

 July 17, 2027

[Bnn Bloomberg Canada]; U.S., Iran increase attacks

The U.S. and Iran have intensified their attacks beyond military targets, increasing fears of a return to full war. The attacks mark a sixth straight day of hostilities with no agreement reached over the Strait of Hormuz. China and Pakistan have expressed concern over the developments, calling on both sides to cease hostilities and resume dialogue. Iran has been insisting all ships seek its permission before sailing through the strait. The U.S. says its strikes are designed to end Iran’s stranglehold over Hormuz and ease the transit of tankers and other ships critical to the global economy.

Ottawa signs $2B armoured vehicle deal

The federal government is partnering with General Dynamics Land Systems to build armoured combat vehicles. Ottawa is earmarking $2 billion dollars over four years to build 190 vehicles, in a bid to boost defence and expand the country’s fleet. The vehicles will be built in London, Ontario. General Dynamics is the first company to be designated as a strategic partner under Canada’s defence industrial strategy.

Northern Ontario wildfires continue disruption

Wildfires continue to devastate swaths of Northern Ontario, prompting evacuations in at least 15 communities, blocking rail traffic and halting forestry operations. Ontario’s Ministry of Natural Resources has reported a total of more than 180 active fires across the province, and more than 600 across the country. Canadian National Railway’s freight network continues to be disrupted, and Canadian Pacific Kansas City says it is keeping a close watch on conditions. Via Rail, which operates mainly on CN tracks, has cancelled service between Toronto and Winnipeg, and Domtar, one of Canada’s largest lumber companies, suspended all harvesting and road building in northwestern Ontario.

Teranet: Canada June home prices fall 0.7% m/m

Home prices across Canada continued to decline last month. Data from The Teranet-National Bank Composite House Price Index shows prices fell 0.7 per cent month-over-month in June, marking the seventh consecutive monthly decline. Vancouver, Brantford and Moncton saw the largest declines, while Hamilton, Sudbury and Barrie saw the largest increases.

Netflix forecasts slowing sales growth

Netflix is forecasting a second consecutive quarter of slower sales growth, fueling investor anxiety over the streaming giant’s future. Netflix also posted revenue in its latest quarter that came in shy of expectations, despite growing 13 per cent compared to the same period the year before. Netflix says it is investing in new kinds of programming, such as live sports and video podcasts, and will add $6 billion in sales this year.