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5 Things to Know Today: The Tariff Deadline Hits Tonight

  August 21, 2026 Here's what's moving markets and your money today, in five minutes or less. 1. The Tariff Deadline Hits Tonight The three-day pause President Trump granted on Tuesday runs out at the end of today. If the paperwork isn't finalized, the fallback deadline is 12:01 a.m. ET Saturday. Reported terms would cut steel and aluminum tariffs to 25% from 50% and autos to 15% from 25%, with Canada opening dairy market access and dropping retaliatory tariffs in return -- but as of last night, nothing was signed. What it means for you: Steel, aluminum, auto, and dairy stocks (and anyone in those supply chains) are the ones to watch today. A signed deal likely steadies the loonie and the TSX; a collapse likely does the opposite. 2. The TSX Slipped to a Two-Week Low The TSX closed Thursday at 36,365.42, down 0.10% and its lowest close in two weeks. Bank stocks fell as bond yields climbed, while gold miners and energy names rallied. What it means for you: This is rotation,...
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Dow’s Remarkable Rally: An 8-Day Streak of Triumphs

 

In an impressive display of resilience, the Dow Jones Industrial Average has secured its eighth consecutive day of gains, a streak not seen since early 2019. This sustained upward movement comes amid growing optimism that the Federal Reserve may introduce a rate cut sooner than anticipated.

Investors have been closely monitoring a series of speeches from Federal Reserve officials, seeking confirmation of the burgeoning belief that a rate reduction is imminent. This sentiment has been bolstered by recent indicators suggesting a cooling labor market, which could prompt a more accommodative monetary policy stance.

The Dow’s latest climb of roughly 0.2% is part of a broader recovery from April’s market slump, with the S&P 500 also advancing towards a record high. The tech-heavy Nasdaq Composite has paralleled this ascent, albeit at a more modest pace.

On the corporate front, standout performances include TSMC, whose shares surged following a 60% sales increase in April, driven by persistent demand for AI and a resurgence in consumer electronics.

As the market heads into the weekend, all eyes are on the upcoming consumer price index report, which will offer further insights into the Federal Reserve’s potential rate cut trajectory. Investors remain hopeful that a dovish turn in policy could sustain the current rally, propelling the Dow and its counterparts to new heights.

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