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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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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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