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5 Things to Know Today: Retaliation Tariffs Hit, Oil Spikes on Saudi Strikes

  Tuesday, September 8, 2026 — Your morning rundown of the Canadian financial news that actually affects your wallet. 1. Canada's $27.6B Retaliation Tariffs Take Effect At 12:01 a.m. today, Canada's countermeasures against more than 700 U.S. products came into force, matching Washington's August 22 tariffs dollar-for-dollar. Tariffs on American steel and aluminum double to 50%, while new levies of 15% to 50% now apply to dairy, appliances, agricultural equipment, pulp and paper, and electronics. A $7.5-billion support package is rolling out for affected Canadian businesses. What it means for you: U.S.-made appliances (fridges, freezers, washers, dryers, ranges) now carry a 25% tariff, and cheese, whey, and milk powder imports jump 25%–50%. Shopping for a new appliance or specialty dairy product? Expect price increases to show up at retail over the coming weeks. 2. Oil Surges to ~$99 on Overnight Saudi Strikes Overnight strikes on Saudi energy facilities pushed Brent crude...
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Ukrainians Reflect on Two Years Since Russia’s Invasion

 

As the third anniversary of Russia’s invasion of Ukraine approaches, the streets of Kyiv resonate with a mix of emotions. For Ukrainians, it’s a time to look back at the past two years of conflict, marked by resilience, loss, and hope.

Nearly six million Ukrainians were displaced from their homeland after Russia launched a new military invasion on February 24, 2022. Among them is Yuliia Siemak, a 24-year-old who fled her city of Mykolaiv. Her journey took her from Turkey to Montreal and Quebec City, finally settling in Ottawa. Siemak now works for a non-profit organization, connecting Ukrainian women with employment opportunities.

One poignant photo in Siemak’s camera roll captures her “brave but terrified cat” seeking refuge in a library basement during air raids in her region. It was taken just three days into the invasion. Siemak’s family also fled Mykolaiv, leaving behind their home and memories.

For Siemak, Ottawa has become a comforting political hub. Amid the city’s diverse community and exquisite cuisines, she finds solace. With her immediate family scattered across different places—her brother in Alberta, and her parents in Turkey and Germany—being in Ottawa allows her to be with her people.

The Ukrainian Canadian Congress is organizing a rally on Parliament Hill this Saturday at 3 p.m. The event aims to grieve those who lost their lives since Russia’s full-scale invasion and honor the resilience of the Ukrainian Armed Forces. Canadians from coast to coast have been invited, and embassy representatives from Denmark, Poland, and Germany are expected to attend.

As we mark this solemn occasion, let us remember the strength and determination of the Ukrainian people. Despite the challenges, they stand united, unwavering in their pursuit of peace and justice.


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