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5 Things to Know Today: Tariff Deal Terms, a Gold Miner Rally, and a Stronger Loonie

  Thursday, August 20, 2026 Here's what's moving Canadian wallets today — from the fine print on the tariff pause to a gold-stock rally, a stronger loonie, and how much runway is left on the gas tax break. 1. The tariff deal is taking shape — but the clock is still running Tuesday's three-day pause on the threatened 50% U.S. tariffs expires at the end of day tomorrow, Friday, August 21. Details reported by people familiar with the talks point to steel and aluminum tariffs dropping to 25% (from 50%) and auto tariffs falling to 15% (from 25%), with Canada opening more dairy market access to U.S. farmers and dropping retaliatory measures in return. Nothing is signed yet — Prime Minister Mark Carney's office says "important work" remains before the paperwork is final. What it means for you: If these terms hold, tariffs land well below the threatened 50% — but still meaningfully above where things stood before 2025. Auto-sector jobs and grocery-aisle prices (espec...
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Supreme Court Upholds Sentencing Schedule in Landmark Hush-Money Case


In a significant legal development, the U.S. Supreme Court has declined to intervene in the sentencing of former President Donald Trump in connection with the hush-money case. This decision comes after a lower court found Trump guilty on multiple counts of felony charges related to payments made to silence allegations of an affair during the 2016 presidential campaign. 

The high court's refusal to halt the sentencing allows the legal process to proceed without further delay, setting a precedent for the accountability of public figures. Trump's legal team had sought to postpone the sentencing, citing various constitutional challenges, but the justices denied these requests without comment. 

Legal analysts suggest that this outcome underscores the judiciary's independence and the principle that no individual is above the law. The sentencing is now scheduled to proceed as planned, marking a pivotal moment in this high-profile case. 



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