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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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Canada’s Labour Market Sees Positive Growth: 37,300 New Jobs Added

 

In a welcome development for the Canadian economy, the labour market added 37,300 jobs in January. This surge in employment comes as a breath of fresh air, especially considering the challenges posed by the pandemic and economic fluctuations.

Key Highlights:

  1. Unemployment Rate Declines: The unemployment rate dipped to 5.7 per cent, marking the first decline since December 2022. This positive trend signals a potential recovery and renewed confidence in the job market.

  2. Part-Time Work on the Rise: The increase in jobs was primarily driven by a surge in part-time employment, which saw a gain of 48,900 positions. However, the number of full-time jobs experienced a slight decline of 11,600 during the same period.

  3. Economic Resilience: Despite global uncertainties, Canada’s economy continues to demonstrate resilience. The labour force’s adaptability and employers’ willingness to hire contribute to this encouraging trend.

As we move forward, it’s essential to monitor these developments closely. While the current data paints an optimistic picture, sustained efforts are necessary to ensure stable and inclusive growth.



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