5 Things to Know Today: 3 Days to the Tariff Deadline
August 16, 2026 Ottawa and Washington are down to the wire on a trade deal, the TSX just wrapped its best week in months, and Statistics Canada drops a report tomorrow that could shape your mortgage rate. Here's what's moving your money today. 1. The tariff deadline is 3 days out — and there's still no deal Wednesday, August 19 is when Washington's threatened 50% tariffs on roughly $20 billion of Canadian goods — autos, alcohol, and dairy — are set to kick in. Trade Minister Dominic LeBlanc and chief negotiator Janice Charette have met U.S. Trade Representative Jamieson Greer four times in three weeks, and a Canadian government source told Reuters this week that talks are "progressing well" and that Washington also wants a deal before the deadline. Reports suggest Ottawa is weighing concessions — dropping its retaliatory auto tariffs, easing provincial bans on U.S. alcohol, and adjusting dairy quotas — in exchange for the U.S. backing off. What it means for ...
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