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5 Things to Know Today: Retaliation Tariffs Set for Sept. 8

  Sunday, August 23, 2026 — Here's what's moving Canadian wallets today, from Ottawa's retaliation date to a fresh record for gold. 1. Canada's retaliation tariffs now have a date: Sept. 8 Prime Minister Mark Carney confirmed Saturday that Canada's "dollar for dollar" response to the new U.S. 50% tariffs will take effect Tuesday, September 8 — the day after Labour Day. Six sectors are named so far: steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Ottawa hasn't released the exact tariff rate or the product list yet, saying more details — including a promised support package for affected workers and businesses — are coming "in the coming days." What it means for you: If you buy imported appliances or electronics, or shop U.S. grocery brands in the newly named categories, price watch starts now — but nothing changes at the till until Sept. 8 at the earliest. 2. Markets face their first real test Monday Friday...
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Kremlin Criticizes U.S.-Proposed Ceasefire as Favoring Ukraine

A senior Kremlin official has expressed skepticism over a U.S.-proposed 30-day ceasefire in the ongoing conflict between Russia and Ukraine. Yuri Ushakov, a top foreign policy aide to Russian President Vladimir Putin, stated that the ceasefire would merely provide a temporary respite for Ukraine's military forces. Speaking to state television, Ushakov emphasized that Russia seeks a long-term peaceful settlement that addresses its strategic concerns and interests.

The proposal, endorsed by Ukraine, has been presented as a step toward de-escalating the three-year conflict. However, Ushakov criticized the initiative, suggesting it could be a tactical move to bolster Ukraine's military preparedness. The Kremlin has indicated that it requires more detailed information from the U.S. before taking a definitive stance on the matter.

The ceasefire proposal comes amid intensified diplomatic efforts by the U.S., with President Donald Trump urging both sides to consider the plan as a pathway to broader peace negotiations. While Ukraine has signaled its willingness to support the truce, Russia's response remains uncertain, with officials reiterating their focus on achieving a comprehensive and lasting resolution to the conflict.

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