Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Amazon Prime Day Sales Projected to Reach $14 Billion: A Shopping Extravaganza

 

Shoppers are gearing up for Amazon’s annual Prime Day, a two-day shopping event that’s expected to break records. According to projections from Adobe Analytics, a firm specializing in e-commerce transaction data, consumers are likely to spend approximately $14 billion during this year’s Prime Day.

What to Expect:

  • Date: Prime Day typically takes place in July, but this year, Amazon shifted it by five days on the calendar.
  • Sales Momentum: Day 1 of Prime Day 2023 already set a sales record, although Amazon doesn’t disclose total figures. Last year, shoppers spent $12.7 billion during Prime Day, a 6.1% increase from the previous year.
  • Back-to-School Bargains: Prime Day has become a season for savvy shoppers seeking deals on back-to-school essentials like clothing, electronics, and dorm supplies.
  • Competition: Rivals like Walmart and Target are launching their own July discounts to compete with Amazon’s shopping extravaganza.
  • Consumer Behavior: After years of high inflation, shoppers are now more willing to spend, using Prime Day as an opportunity to shop for back-to-school items.

In summary, Prime Day isn’t just about discounts; it’s a retail phenomenon that transforms July into a bargain-hunting season. As consumers flock to Amazon, other retailers are vying for a slice of the $38.8 billion projected to be spent on back-to-school merchandise this summer. So, get ready to click and save during this shopping bonanza! 

Labels:

Comments

Post a Comment