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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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BCE Slashes 9% of Workforce in Largest Restructuring in Decades

 

BCE Inc., Canada’s largest telecommunications firm, has announced a significant workforce restructuring, marking its most substantial effort in nearly three decades. The Quebec-based company plans to reduce its staff by approximately 4,800 positions in 2024, which amounts to about 9% of its total workforce. This move is aimed at aligning the cost structure with revenue potential across various business segments.

In addition to the workforce reduction, BCE expects to achieve in-year cost savings ranging from C$150 million to C$200 million (approximately $111 million to $148 million). Notably, the company has also made a 3.1% dividend increase, a departure from its usual 5% increase, signaling a strategic shift.

The telecom giant’s quarterly earnings report revealed adjusted earnings per share of C$0.76, surpassing the average analyst estimate of C$0.73. BCE’s decision reflects a proactive approach to adapt to changing market dynamics and optimize its operations.

This restructuring underscores BCE’s commitment to maintaining financial resilience while navigating industry challenges. As the company streamlines its workforce, it aims to position itself for sustained growth and efficiency in the ever-evolving telecommunications landscape.

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