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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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Escalating Tensions: Israeli Airstrike Hits Gaza Hospital, Killing Five

 

In a tragic incident, an Israeli airstrike targeted a tent within the Al-Aqsa Hospital compound in central Gaza, resulting in the deaths of at least five people. This strike, which occurred on Sunday, also left 18 others wounded and brought the total number of Palestinians killed that day to 19.

The Israeli military stated that the airstrike was aimed at a militant involved in terror activities, and secondary explosions indicated the presence of weaponry in the area. The hospital compound, located in the Deir Al-Balah area, is currently sheltering thousands of people displaced by ongoing conflicts.

This incident follows a series of failed diplomatic efforts in Cairo, where talks aimed at negotiating a ceasefire between Israel and Hamas ended without progress. The situation remains tense, with both sides bracing for further escalation.


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