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5 Things to Know Today: Retaliation Tariffs Set for Sept. 8

  Sunday, August 23, 2026 — Here's what's moving Canadian wallets today, from Ottawa's retaliation date to a fresh record for gold. 1. Canada's retaliation tariffs now have a date: Sept. 8 Prime Minister Mark Carney confirmed Saturday that Canada's "dollar for dollar" response to the new U.S. 50% tariffs will take effect Tuesday, September 8 — the day after Labour Day. Six sectors are named so far: steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Ottawa hasn't released the exact tariff rate or the product list yet, saying more details — including a promised support package for affected workers and businesses — are coming "in the coming days." What it means for you: If you buy imported appliances or electronics, or shop U.S. grocery brands in the newly named categories, price watch starts now — but nothing changes at the till until Sept. 8 at the earliest. 2. Markets face their first real test Monday Friday...
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Stock Market today, August 23, 2023: Surging Optimism Sweeps US Stock Markets: S&P Composite and Market-wide Gains



S&P Composite Index Surges Nearly 200 Points: Echoes of Confidence

In a remarkable surge, the S&P Composite index soared by nearly 200 points, signaling a resounding wave of optimism sweeping through the financial landscape. This considerable uptick reflects a robust momentum in the market, with investors seemingly buoyed by positive economic indicators and corporate performances. The rally in the S&P Composite index underscores the growing confidence in the economy's recovery and hints at a broader market sentiment that transcends individual sectors.

Broad Market Momentum: US Stock Markets Ascend Amidst Positive Indicators

The upbeat trend extends beyond the S&P Composite index, as the entire spectrum of US stock markets witnessed a notable climb. This synchronicity of upward movement is likely fueled by a combination of factors, including solid earnings reports, upbeat economic data, and prevailing accommodative monetary policies. While market fluctuations are inherent, this collective upswing points towards a market that is finding solid footing amidst prevailing uncertainties, potentially serving as a testament to the resilience of the US economy and the underlying confidence of market participants.















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