Skip to main content

Featured

Tariff Day: Canada's $27.6B Retaliation Hits as Oil Spikes on Saudi Strikes

  Tuesday, September 8, 2026 Markets reopen today after the long weekend into a genuinely loaded news cycle. Canada's $27.6-billion retaliation tariffs on U.S. goods took effect at 12:01 a.m. this morning, and overnight, attacks on Saudi energy facilities sent oil prices sharply higher, adding a fresh inflation headache on top of an already-hawkish rate picture. Here's everything moving Canadian and global markets today. The 30-second version: Canada's counter-tariffs on U.S. goods (dairy, appliances, steel, electronics and more) are live as of this morning. Overnight strikes on Saudi energy infrastructure pushed Brent above $99 and WTI above $94, a third straight day of gains. Friday's close (markets were shut Monday for Labour Day) had the TSX down 0.33% and Wall Street lower on hot U.S. jobs data that's boosted Fed rate-hike odds to around 58%. Futures are pointing to a soft open in North America this morning. 🇨🇦 TSX: Last Close (Friday, Sept. 4) Canadian mar...
Post a Comment
Read more

article

Labels

U.S. Embassy in Kyiv Closes Amid Warnings of Significant Russian Air Attack

 

In a precautionary move, the U.S. Embassy in Kyiv has temporarily closed its doors following warnings of a potentially significant Russian air attack. The embassy issued a statement advising employees to shelter in place and recommended that U.S. citizens in Kyiv be prepared to take immediate shelter if an air alert is announced.

This closure comes amid heightened tensions after the U.S. authorized the use of longer-range missiles by Ukraine, which were reportedly used in a recent attack on a Russian weapons warehouse. The Kremlin has responded with threats of retaliation, further escalating the conflict that has already seen frequent missile and drone attacks on Ukrainian infrastructure.

The embassy’s warning is notable for its specificity, as air attacks have become a near-daily occurrence in Ukraine. However, the recent developments have added a new layer of urgency and caution to the situation.


Labels:

Comments

Post a Comment