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5 Things to Know Today: U.S. Alcohol Ban, GDP Day, 5.25% Yields (Sept 29)

  Tuesday September 29, 2026 A U.S. import ban on Canadian booze kicks in, Statistics Canada reports July GDP, and U.S. bond yields sit at levels not seen since 2007. Here are the five things that matter for your wallet today. 1 The U.S. ban on Canadian alcohol takes effect today As of 12:01 a.m. ET, the U.S. is refusing entry to many Canadian beer, wine, cider and spirits shipments, along with whey products, molasses and larger motorcycles. The measures were signed Sept. 8 and largely replace the 50% tariffs that applied to these goods. Bottles already in the U.S. can still be sold, and product shipped in bulk to be bottled south of the border appears to fall outside the ban. Canadian producers say pivoting to domestic sales won't be easy, because a patchwork of provincial rules complicates selling across borders. What it means for you: The ban hits exports, not what you pay at the store. The exposure is for people who work in or own shares of brewers, distillers and wineries, a...
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Top Polluting Cities Revealed at COP29 Amid Growing Frustration Over Fossil Fuels

 

At the COP29 summit in Baku, Azerbaijan, new data has highlighted the world’s most polluting cities, sparking increased frustration over the persistent presence of fossil fuels. According to Climate Trace, a database co-founded by former U.S. Vice President Al Gore, cities in Asia and the United States are the largest emitters of greenhouse gases.

Shanghai tops the list, emitting 256 million metric tons of greenhouse gases annually, followed closely by Tokyo with 250 million metric tons. New York City and Houston also rank high, with emissions of 160 million and 150 million metric tons, respectively. These figures are staggering, considering that some of these cities’ emissions surpass those of entire countries like Colombia and Norway.

The data, which combines satellite and ground observations with artificial intelligence, underscores the urgent need for effective climate action. Activists and climate officials at the summit expressed their frustration with the slow progress in reducing fossil fuel use and the influence of fossil fuel companies on climate policies.

As the world grapples with the escalating climate crisis, the revelations at COP29 serve as a stark reminder of the critical need for global cooperation and decisive action to curb emissions and transition to sustainable energy sources.


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