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5 Things to Know Today: US Import Ban, Oil Tops $100, TSX Slides, ECB Hikes

  September 10, 2026 A big trade-war escalation, a return of $100 oil, a wobbly TSX, and a central bank on the move overseas — here's what's moving markets and your wallet this morning. 1. Washington Bans Canadian Alcohol, Dairy Ingredients and Motorcycles The trade war jumped up another notch Tuesday night. The White House issued executive orders banning imports of most Canadian alcoholic beverages — beer, wine, whisky, vodka, rum, tequila and more — along with whey protein, molasses and non-alcoholic beer, plus Canadian-made motorcycles. The bans take effect September 29. Several cheese products were added to the existing 50% tariff list rather than banned outright, and Trump's threat to raise auto tariffs from 25% to 50% on January 1 remains on the table. The move follows Canada's own $27.6-billion retaliation tariffs, which took effect at midnight Tuesday. Trade Minister Dominic LeBlanc called the U.S. measures "unjustified." What it means for you: This m...
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Hunter Biden Convicted in Federal Gun Trial: Historic Verdict and Implications

 

Hunter Biden, the only surviving son of President Joe Biden, has made history by becoming the first child of a sitting U.S. president to be convicted of a crime. The verdict was delivered on June 11, 2024, after a jury deliberated for just three hours.

The charges against Hunter Biden stem from his possession of a firearm while using narcotics. He was found guilty on all three counts, which include lying about his drug use to obtain the weapon. The maximum prison sentences for these charges range from five to ten years, and each count carries a maximum fine of $250,000.

In the defense room after the verdict, Hunter expressed gratitude to everyone involved, particularly his legal team led by Abbe Lowell. His emotional remarks highlighted the need to reconsider how drug and alcohol laws are enforced in the country, emphasizing fair prosecutorial discretion.

This landmark trial raises questions about the intersection of addiction, gun ownership, and legal accountability. As Hunter Biden faces the possibility of up to 25 years in prison, the case serves as a stark example of the justice system’s complexities and the impact of addiction on millions of Americans.



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