Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

S&P/TSX Composite and U.S. Stock Markets Rally After Rate Decision



On Wednesday, the S&P/TSX composite index closed up 185.13 points at 22,045.71, following a boost from the Federal Reserve’s latest interest rate announcement. Simultaneously, U.S. stock markets also surged, with the Dow Jones industrial average rising 401.37 points to 39,512.13 and the S&P 500 index gaining 46.11 points to reach 5,224.62. The Nasdaq composite also joined the rally, climbing 202.62 points to 16,369.41.

The Federal Reserve’s decision to hold its key rate steady for the fifth consecutive meeting was widely expected. However, the central bank’s projection of three rate cuts in 2024 surprised some investors, given the strong inflation data earlier this year. Fed Chair Jerome Powell emphasized that while inflation has cooled from its peak, uncertainties remain, and the path forward is uncertain.

For investors, the Fed’s announcement brought positive news. Mike Archibald, Vice President and Portfolio Manager at AGF Investments Inc., highlighted that the market had anticipated a reduction to two cuts in 2024. The fact that the central bank maintained its projection of three cuts was well-received. Although the Fed lowered its expectations for cuts in 2025, it upgraded its growth outlook, signaling confidence in the economy.

Looking ahead, Archibald believes that rate cuts are still likely to come mid-year. In Canada, the situation may differ slightly, as the economy has not shown the same persistent strength. The Bank of Canada, which also held its key rate steady, expects to start cutting rates this year but remains divided on timing.

As the markets responded favorably to the Fed’s decision, investors are cautiously optimistic about better times ahead. Equities in risk-on sectors, such as discretionary, communications, services, industrials, and financials, outperformed. The Canadian dollar traded at 73.75 cents US, and commodities experienced mixed movements.

In summary, the S&P/TSX composite’s upward trajectory, coupled with gains in U.S. stock markets, reflects investor confidence in the economic recovery. As the year unfolds, market participants will closely monitor central bank actions and economic indicators to navigate the evolving landscape.

Labels:

Comments

Post a Comment