5 Things to Know Today: The Tariff Deadline Hits Tonight
August 21, 2026 Here's what's moving markets and your money today, in five minutes or less. 1. The Tariff Deadline Hits Tonight The three-day pause President Trump granted on Tuesday runs out at the end of today. If the paperwork isn't finalized, the fallback deadline is 12:01 a.m. ET Saturday. Reported terms would cut steel and aluminum tariffs to 25% from 50% and autos to 15% from 25%, with Canada opening dairy market access and dropping retaliatory tariffs in return -- but as of last night, nothing was signed. What it means for you: Steel, aluminum, auto, and dairy stocks (and anyone in those supply chains) are the ones to watch today. A signed deal likely steadies the loonie and the TSX; a collapse likely does the opposite. 2. The TSX Slipped to a Two-Week Low The TSX closed Thursday at 36,365.42, down 0.10% and its lowest close in two weeks. Bank stocks fell as bond yields climbed, while gold miners and energy names rallied. What it means for you: This is rotation,...

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