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Carney's Retaliation List: What It Could Mean for Your Grocery Bill

  Published August 22, 2026 · Canadian Money Brief The 50% U.S. tariffs on roughly $28 billion of Canadian goods are no longer a threat — they took effect at 12:01 a.m. Saturday after last-minute talks between Ottawa and Washington collapsed Friday night. Prime Minister Mark Carney responded by suspending negotiations entirely and promising to hit back "dollar for dollar." Unlike the tariff deadline itself, this part isn't happening tonight: Carney says Canada's countermeasures won't take effect until September 8 , and the exact product list is still being finalized. That two-and-a-half week gap matters for your wallet. It's a window where the general shape of the retaliation is known, but the fine print — the specific products, the exact surtax rates, which exemptions get carved out — is still being written in Ottawa. Here's what's confirmed, what history tells us to expect, and how to think about the impact on your own spending. What's confirmed ...
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Consumer and Business Insolvencies Continue to Rise in November

 

According to the Office of the Superintendent of Bankruptcy, consumer and business insolvencies continued to rise in November. Consumer insolvencies were up 24% in November compared with a year ago, while business insolvencies rose 36.8%. The data shows insolvencies for both consumers and businesses continued to rise from pandemic lows.

Business insolvencies rose 41.8% year-over-year in the third quarter of 2023, surpassing pre-pandemic levels. However, consumer insolvencies in the third quarter were still below pre-pandemic levels. In November, that trend continued — business insolvencies were higher than in November 2019, while consumer insolvencies were a little lower.

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