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5 Things to Know Today: US Import Ban, Oil Tops $100, TSX Slides, ECB Hikes

  September 10, 2026 A big trade-war escalation, a return of $100 oil, a wobbly TSX, and a central bank on the move overseas — here's what's moving markets and your wallet this morning. 1. Washington Bans Canadian Alcohol, Dairy Ingredients and Motorcycles The trade war jumped up another notch Tuesday night. The White House issued executive orders banning imports of most Canadian alcoholic beverages — beer, wine, whisky, vodka, rum, tequila and more — along with whey protein, molasses and non-alcoholic beer, plus Canadian-made motorcycles. The bans take effect September 29. Several cheese products were added to the existing 50% tariff list rather than banned outright, and Trump's threat to raise auto tariffs from 25% to 50% on January 1 remains on the table. The move follows Canada's own $27.6-billion retaliation tariffs, which took effect at midnight Tuesday. Trade Minister Dominic LeBlanc called the U.S. measures "unjustified." What it means for you: This m...
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South Korean President Declares Emergency Martial Law


 In a surprising move, South Korean President Yoon Suk Yeol declared emergency martial law on Tuesday, citing the need to protect the country's constitutional order. The declaration accuses the opposition of controlling the parliament, sympathizing with North Korea, and engaging in anti-state activities.

During a televised briefing, President Yoon vowed to "eradicate pro-North Korean forces and protect the constitutional democratic order." He emphasized the necessity of the martial law to "rebuild and protect the free Republic of Korea," which he claims is falling into national ruin.

The announcement has drawn immediate criticism from politicians across the spectrum. Han Dong-hoon, leader of Yoon's own conservative party, called the decision "wrong" and vowed to stop it with the people. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, labeled the declaration "illegal and unconstitutional."

The declaration's impact on South Korea's governance and democracy remains unclear, but it has certainly intensified the political turmoil in the country. As the situation unfolds, the world watches closely to see how this unprecedented move will shape the future of South Korea.



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