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Premiers Split on Using Potash as a Trade Weapon — What It Means for Your Grocery Bill

  Published August 31, 2026 Canada's premiers can't agree on how far to take the trade war with the United States — and this week, the fight is over a grey mineral mined almost 2,000 kilometres from Ottawa: potash. The disagreement matters well beyond provincial politics. Potash is the "P" and "K" of fertilizer economics — a key ingredient in the blends that grow the wheat, canola, and corn that eventually show up as bread, canola oil, and everything fed to livestock. Canada supplies about 85% of the potash the U.S. uses, which is exactly why some premiers see it as leverage — and why others are warning that pulling that lever could backfire on the very provinces pushing for it. Ford wants to pull the lever. Moe and Smith are warning not to. Ontario Premier Doug Ford is pushing for the toughest response available, including resource-based leverage. Saskatchewan's Scott Moe and Alberta's Danielle Smith are pumping the brakes, warning that squeezing po...
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TSX rises as energy and consumer staples lead




The Toronto Stock Exchange’s S&P/TSX composite index ended up 71.66 points, or 0.3%, at 21,061.88 on Monday, approaching its 20-month high of 21,074.91 reached last week. The energy and consumer staples sectors were the main drivers of the gains, as oil prices recovered some of their losses and investors digested a Bank of Canada business survey.

The survey showed that Canadian firms saw their order books decline as interest rates crimped consumer spending, and they expected inflation to ease despite increased concerns over wages for the next year. The report could keep the door open for interest rate cuts in the first half of the year, according to some economists.

The energy sector rose 0.9% as U.S. crude oil futures settled at $72.50 a barrel, down 0.3%. The consumer staples sector added 0.8%, boosted by shares of Saputo Inc and Loblaw Co, which climbed about 1.6% and 1.5%, respectively. The utilities sector also ended 1.1% higher.

Trading volumes were lower than usual, with U.S. markets closed for the Martin Luther King Jr. Day holiday. On Tuesday, Canada will release its consumer price index report for December, which could offer more clues on the central bank’s policy outlook. Economists expect inflation to rise to 3.4% from 3.1% in November.

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