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Sept 15 Tariff Shift: What's Actually Changing on Canadian Goods (And What Isn't)

  Published September 12, 2026 At 12:01 a.m. ET on Tuesday, September 15, a new round of U.S. tariff changes takes effect on Canadian goods. If you've seen headlines calling this a "new 50% tariff on Canadian steel, aluminum and paper," here's the more accurate story: it isn't a new tariff at all. It's the U.S. reshuffling which products fall under a 50% tariff that's already been in place since August 22 — adding some categories, removing others, on the same day. Here's what's actually happening, and why it matters more to Canadian manufacturers and cross-border shoppers than to your everyday grocery bill. The tariff this modifies Back on August 22, 2026, the U.S. imposed a 50% tariff under Section 338 of the Tariff Act of 1930 on roughly $20 billion CAD of Canadian goods. The White House framed it as retaliation for Canadian "discrimination" against U.S. alcoholic beverages, dairy, and motor vehicles — three separate proclamations, eac...
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S&P/TSX Composite Hits New Highs: Canadian and U.S. Markets Rally



On March 21, 2024, the S&P/TSX composite index achieved a remarkable milestone, closing atnew all-time high. Simultaneously, U.S. markets continued their upward trajectory, setting records of their own.

Key Highlights:

  1. Canadian Market Surge:

    • The S&P/TSX composite index gained 41.55 points, reaching 22,087.26. This surpasses its previous record of 22,087.22 set in March 2022.
    • Tech and financial stocks played a pivotal role in driving this surge, reflecting investor confidence in these sectors.

  2. U.S. Market Momentum:

    • Across the border, U.S. markets also soared:
      • The Dow Jones industrial average climbed 306.46 points, closing at 39,818.59.
      • The S&P 500 index rose by 30.20 points, reaching 5,254.82.
      • The Nasdaq composite surged 97.44 points, closing at 16,466.85.

  3. Commodity Prices:

    • The Canadian dollar traded at 73.93 cents US, slightly higher than the previous day.
    • Crude oil experienced a dip, with the May contract down 91 cents at US$80.36 per barrel.
    • Natural gas also declined, with the May contract down four cents at US$1.81 per mmBTU.
    • Gold bucked the trend, rising by US$17.40 to US$2,178.40 per ounce.
    • Copper remained stable, down just a penny at US$4.05 per pound.

In summary, both Canadian and U.S. markets are riding high, fueled by optimism and robust economic indicators. Investors are closely monitoring developments as we navigate these record-breaking times.

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Always consult with a qualified professional before making investment decisions.

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