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3 Days to Go: What Actually Changes at the Checkout When Canada's Retaliation Tariffs Hit Sept. 8

  Published September 5, 2026 At 12:01 a.m. on Tuesday, September 8, Canada's counter-tariffs on roughly $27.6 billion worth of American imports take effect. Ottawa named six sectors when it announced the move: steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. But the actual list of taxed items — the one that determines what you pay at checkout — is narrower than those sector names suggest, and mixing the two up is the easiest way to overpay or miss out on a real deal this weekend. Here's what's really on the list, what isn't, and what the last round of this exact policy tells us about how much prices actually move. What It Means for You If you're planning to buy a U.S.-made fridge, washer, dryer, cooking range, or smartphone, doing it before Tuesday could save you real money. If you're eyeing a dishwasher, laptop, or TV, the "beat the tariff" urgency doesn't apply — those products aren't on the September 8 list...
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S&P 500 Inches Closer to Record High Amid Optimism About Fed’s Policy and Year-End Effect

 

The S&P 500 index closed just shy of a new record high on Thursday, with the broad index gaining 0.04%. The tech-heavy Nasdaq Composite fell 0.03%, while the Dow Jones Industrial Average rose 0.1%. Markets are ending 2023 on a hot streak, with all three indexes on pace for a ninth consecutive weekly gain. For the S&P 500, that would mark the longest streak since January 2004. The index is now within 0.3% of its all-time high, set in January 2022. With one trading session remaining in 2023, the S&P 500 is up 25%.

Investors are optimistic that the Federal Reserve can successfully cool inflation without inducing a major economic slowdown, which has powered the market’s recent advance. Now, some investors say the looming end of the calendar year is giving markets an extra boost. “Nobody who has caught this rally wants to incur a taxable event,” said Michael Green, chief strategist at Simplify Asset Management. “If nobody wants to sell, prices will push higher on low volume”.

The jobless claims data released by the Labor Department on Thursday indicated a gradual cooling of the economy. Initial jobless claims, considered a proxy for layoffs, were 218,000 in the week ending Dec. 23, slightly more than the 215,000 that economists expected.

Bond yields rose as prices fell, reflecting expectations of higher inflation and interest rates. The yield on the benchmark 10-year Treasury note rose to 3.849%, up from 3.7%.

Some investors are increasing their exposure to energy and industrial stocks, which could benefit from a strong economic recovery. Matt Dmytryszyn, chief investment officer at Telemus Capital, said his fund is boosting its position in shares of energy and industrial firms.


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