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5 Things to Know Today: Warsh Takes the Podium as Gas Tax Relief Runs Out

  Friday, August 28, 2026 Markets are in wait-and-see mode this morning ahead of the biggest speech of the summer, while two countdown clocks — one at the pump, one on the trade file — keep ticking closer to zero. Here's what matters for your wallet today. 1. Fed Chair Warsh Gives His First Jackson Hole Speech at 10 a.m. ET Kevin Warsh, three months into the job, steps up to deliver his first extended public remarks as Federal Reserve Chair rather than a post-meeting summary. He's held rates steady at both meetings since taking over from Jerome Powell, and investors are watching for any hint of whether he leans toward treating the current 3.3% core inflation reading as temporary — or toward raising rates further to hit the Fed's 2% target. The backdrop: the 30-year Treasury yield touched a 2007-era high of 5.31% earlier this month, prompting an unusual Treasury Department intervention in the bond market. What it means for you: Long-term borrowing costs (mortgages, lines of...
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Canada Post Strike Enters Fourth Week Amid Rising Tensions


As the Canada Post strike approaches its four-week mark, tensions between the Crown corporation and the Canadian Union of Postal Workers (CUPW) continue to escalate. The ongoing strike, which began on November 15, 2024, has left millions of deliveries at a standstill, impacting businesses and consumers alike.

The union and management have been trading accusations of bad-faith bargaining. The CUPW criticized Canada Post's latest offers, stating that they do not address key issues such as wage increases, job security, and working conditions. In response, Canada Post claimed that the union's proposals have widened the gap between the two parties, introducing new demands that complicate negotiations.

With federal mediation on hold and no end in sight, the business community has called for government intervention. However, Prime Minister Justin Trudeau has so far resisted stepping in, urging both sides to reach an agreement.

As the strike drags on, small businesses, especially retailers relying on parcel deliveries during the holiday season, are feeling the brunt of the disruption. The CUPW has also filed an unfair labour practice complaint over layoffs of striking workers, adding another layer of contention.

The future of negotiations remains uncertain, with both parties standing firm on their positions. The impact on the economy and public services continues to grow, leaving many to wonder when a resolution will be reached.




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