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12 Days to the Tariff Deadline: What August 19 Actually Means for Your Wallet

  Published August 7, 2026 Trade Minister Dominic LeBlanc is back in Washington, Mark Carney says his tone is "quite firm," and the clock is running out on a deal. Here's what's actually on the line — and why it matters even if you've never shipped a case of wine across the border. The countdown: At 12:01 a.m. ET on August 19, new 50% U.S. tariffs are scheduled to hit roughly $20 billion worth of Canadian exports — with or without a deal. What's actually happening on August 19 On July 20, President Trump signed three separate proclamations under Section 338 of the Tariff Act of 1930 — a Depression-era provision that had never been used this way before. Each proclamation targets a different Canadian sector the U.S. says is treated unfairly: motor vehicles, alcoholic beverages, and dairy. Every covered good gets hit with an additional 50% tariff the moment it crosses into the U.S. The headline categories get the attention, but the actual product lists — buried ...

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Stocks Rally, Yields Fall on Fed’s Mixed Messages



The stock market rallied and bond yields fell after the Federal Reserve sent mixed messages about its future policy. 

The Federal Reserve is in a “sweet spot” and may start cutting interest rates in the first half of 2024. The rally in the bond market is driving global bonds to their best month since 2008. The Bank of Japan left its policy rate unchanged and appeared in no hurry to remove negative interest rates. The yen slumped as much as 1.1% to the weakest level in a week, while the Nikkei 225 Index rallied 1.4% to a two-week high.


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