Skip to main content

Featured

5 Things to Know Today — September 24, 2026

  Thursday, September 24, 2026 5 Things to Know Today Bond yields are hitting levels not seen in decades, Trump and Xi just extended a trade truce, and the Bank of Canada is mired in a near-100-day strike. Here's what Canadians need to know this morning. 1 · Markets TSX Sinks as Bond Yields Hit Multi-Decade Highs The TSX dropped 584 points on Wednesday — a 1.61% slide — closing at 35,751.43 and breaking through its 25-day and 50-day moving averages. It was the worst single-session performance in weeks, reversing three straight days of gains. The selloff was driven by rising energy prices and a global bond market rout that has sent U.S. 10-year Treasury yields toward 5.1%, their highest since 2007, while Canada's 30-year yield hit a level not seen since 2004. Higher yields pull money out of equities and push up borrowing costs across the board. Big bank stocks led the decline — RBC fell 2%, TD dropped 2.4%, BMO shed 2%, and Scotiabank retreated 1.6% — while gold miners added to ...
Post a Comment
Read more

article

Labels

China's Tariffs Hit Canadian Goods: A $3.7 Billion Blow

China has implemented retaliatory tariffs on Canadian goods worth $3.7 billion, escalating trade tensions between the two nations. The new levies, effective March 20, target key Canadian exports, including rapeseed oil, peas, aquatic products, and pork. These tariffs impose a 100% surcharge on rapeseed oil and peas, while aquatic products and pork face a 25% duty.

The move follows Canada's imposition of tariffs on Chinese electric vehicles, steel, and aluminum products in October 2024. Beijing has criticized these measures as discriminatory and a violation of World Trade Organization rules.

Canadian industry leaders have expressed concern over the economic impact, particularly on the agricultural sector. Chris Davison, President of the Canola Council of Canada, described the tariffs as "devastating" for farmers and the broader value chain. The federal government has announced measures to support affected industries, including $1 billion in financing for the agriculture and food sectors.

This development underscores the growing strain in Canada-China trade relations, with both sides urging diplomatic engagement to resolve the dispute.

Labels:

Comments

Post a Comment