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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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Trump's Day 1 Agenda: Deportations, Pardons, and Legal Maneuvers

 

On his first day back in office, President-elect Donald Trump has outlined an ambitious agenda that includes initiating a mass deportation push, pardoning individuals involved in the January 6 Capitol riot, and addressing his own legal challenges. Trump has stated that his administration will prioritize securing the U.S. border and reversing policies from the previous administration.

Trump's plan includes the deportation of undocumented immigrants, particularly those involved in criminal activities. He has emphasized the importance of national security and public safety in his approach. Additionally, Trump has promised to pardon many of the individuals convicted for their roles in the January 6 riot, referring to them as "unbelievable patriots".

In terms of his legal battles, Trump aims to leverage his position to address the federal cases against him. He has expressed his intention to fire Special Counsel Jack Smith, who has been prosecuting two federal cases against him. Trump's legal team is also exploring ways to set aside or expunge his felony conviction in New York and delay the case in Georgia until the end of his presidential term.

As Trump prepares to take office, his bold plans are set to spark significant debate and controversy, both domestically and internationally.

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