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5 Things to Know Today: Retaliation Tariffs Hit, Oil Spikes on Saudi Strikes

  Tuesday, September 8, 2026 — Your morning rundown of the Canadian financial news that actually affects your wallet. 1. Canada's $27.6B Retaliation Tariffs Take Effect At 12:01 a.m. today, Canada's countermeasures against more than 700 U.S. products came into force, matching Washington's August 22 tariffs dollar-for-dollar. Tariffs on American steel and aluminum double to 50%, while new levies of 15% to 50% now apply to dairy, appliances, agricultural equipment, pulp and paper, and electronics. A $7.5-billion support package is rolling out for affected Canadian businesses. What it means for you: U.S.-made appliances (fridges, freezers, washers, dryers, ranges) now carry a 25% tariff, and cheese, whey, and milk powder imports jump 25%–50%. Shopping for a new appliance or specialty dairy product? Expect price increases to show up at retail over the coming weeks. 2. Oil Surges to ~$99 on Overnight Saudi Strikes Overnight strikes on Saudi energy facilities pushed Brent crude...
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Barack Obama to Headline DNC on Tuesday: A Major Push for Kamala Harris

Former President Barack Obama is set to headline the Democratic National Committee (DNC) event this Tuesday, marking a significant moment in his active support for Vice President Kamala Harris. As one of the most influential figures in the Democratic Party, Obama’s involvement underscores his commitment to Harris and signals her pivotal role in the party’s future.

Obama’s speech at the DNC is expected to be a powerful endorsement of Harris, highlighting her achievements and reinforcing her position as a key leader within the Democratic Party. This event comes as Obama takes a more hands-on approach to campaigning for Harris, who has been a trailblazer as the first female, Black, and South Asian vice president in U.S. history.

The former president’s efforts are part of a broader strategy to galvanize Democratic voters ahead of the upcoming election cycle. By aligning himself closely with Harris, Obama aims to energize the party’s base and appeal to a diverse coalition of voters. His endorsement is seen as crucial in bolstering Harris’s profile and positioning her as a central figure in the party’s future leadership.

As Obama takes the stage on Tuesday, his message will likely focus on unity, progress, and the importance of continuing the work begun during his presidency. His campaign for Harris is not only about supporting her but also about ensuring the Democratic Party remains strong and cohesive as it faces the challenges of the 2024 election and beyond.

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