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Sept 15 Tariff Shift: What's Actually Changing on Canadian Goods (And What Isn't)

  Published September 12, 2026 At 12:01 a.m. ET on Tuesday, September 15, a new round of U.S. tariff changes takes effect on Canadian goods. If you've seen headlines calling this a "new 50% tariff on Canadian steel, aluminum and paper," here's the more accurate story: it isn't a new tariff at all. It's the U.S. reshuffling which products fall under a 50% tariff that's already been in place since August 22 — adding some categories, removing others, on the same day. Here's what's actually happening, and why it matters more to Canadian manufacturers and cross-border shoppers than to your everyday grocery bill. The tariff this modifies Back on August 22, 2026, the U.S. imposed a 50% tariff under Section 338 of the Tariff Act of 1930 on roughly $20 billion CAD of Canadian goods. The White House framed it as retaliation for Canadian "discrimination" against U.S. alcoholic beverages, dairy, and motor vehicles — three separate proclamations, eac...
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Netflix and Tech Earnings Lift S&P 500 to New Record

 

The S&P 500 index reached a new all-time high on Wednesday, as strong earnings reports from technology companies boosted investor confidence. Netflix was the star performer, surging 10% after adding more subscribers than expected in the fourth quarter of 2023. The streaming giant also announced plans to buy back up to $5 billion of its shares this year.

Other tech firms also delivered impressive results, such as ASML, the world’s largest supplier of chip-making equipment, which saw its orders more than triple in the fourth quarter. Microsoft also hit a record high, becoming the first company to surpass $3 trillion in market value.

The tech-heavy Nasdaq 100 index rose 0.7%, outperforming the Dow Jones Industrial Average, which fell 0.3%. The Dow was dragged down by losses in Boeing, Chevron, and Goldman Sachs.

Meanwhile, the TSX Composite index edged lower by 0.1%, as gains in energy and materials stocks were offset by declines in financials and industrials. The Canadian dollar weakened against the US dollar, as the Bank of Canada kept its key interest rate unchanged at 0.25%.

Investors are now looking ahead to the European Central Bank’s policy meeting on Thursday, where it is expected to maintain its ultra-loose monetary stance and signal its readiness to support the euro zone economy amid rising Covid-19 cases and lockdowns.

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