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5 Things to Know Today: Retaliation Tariffs Set for Sept. 8

  Sunday, August 23, 2026 — Here's what's moving Canadian wallets today, from Ottawa's retaliation date to a fresh record for gold. 1. Canada's retaliation tariffs now have a date: Sept. 8 Prime Minister Mark Carney confirmed Saturday that Canada's "dollar for dollar" response to the new U.S. 50% tariffs will take effect Tuesday, September 8 — the day after Labour Day. Six sectors are named so far: steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Ottawa hasn't released the exact tariff rate or the product list yet, saying more details — including a promised support package for affected workers and businesses — are coming "in the coming days." What it means for you: If you buy imported appliances or electronics, or shop U.S. grocery brands in the newly named categories, price watch starts now — but nothing changes at the till until Sept. 8 at the earliest. 2. Markets face their first real test Monday Friday...
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U.S. Supreme Court Ruling on Presidential Immunity: Key Implications for Donald Trump

 

The recent U.S. Supreme Court ruling on immunity has significant implications for presidential power and accountability. Here are some key facts from the ruling:

  1. Presidential Immunity: The majority ruling states that presidents, including former President Donald Trump, have immunity from criminal prosecution when carrying out “official acts.” However, there is no immunity for unofficial acts. This decision is based on the constitutional separation of powers and the nature of presidential authority.

  2. Partisan Split: The ruling fell along partisan lines, with the six conservative justices voting in favor of immunity and the three liberal justices dissenting.

  3. Impact on Trump: In the short term, this ruling almost certainly helps Trump avoid further trials before the 2024 general election. The case has been sent back to the U.S. District Court for the District of Columbia to determine which elements of the indictment count as official and unofficial acts. Trump can use this opinion as a defense.

  4. Campaign Trail: Given the ongoing presidential campaign, this issue is likely to be a topic of discussion. Both political parties have raised concerns about perceived abuses of presidential power.

  5. Public Perception: By stating that presidents are not immune from prosecution for personal acts, the court emphasizes that the highest office in the land is subject to the same legal standards as everyone else.

In summary, the ruling creates a balance between immunity for official acts and accountability for personal conduct, impacting Trump’s pending criminal cases and shaping the public’s view of presidential power. 

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