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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...
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Mass Evacuation Ordered in Rafah Amid Escalating Conflict

 

The Israeli military has issued an urgent evacuation order for residents of the Tel al-Sultan neighborhood in Rafah, located in the southern Gaza Strip. This directive comes amidst intensified military operations in the region, which have already caused widespread destruction and displacement.

Thousands of Palestinians were seen fleeing their homes, carrying minimal belongings as they moved on foot toward al-Mawasi, a coastal area hosting makeshift tent camps. The evacuation follows heavy bombardments that have left the neighborhood in ruins, with reports of casualties and injuries mounting. The humanitarian situation in Gaza continues to deteriorate, with the territory officially entering the first stage of famine due to prolonged border closures.

The evacuation order has further compounded the suffering of Gaza's population, many of whom have been displaced multiple times during the ongoing conflict. The scenes of families walking through sand and mud under dire conditions highlight the urgent need for international intervention to address the escalating crisis. 

The situation remains volatile, with no immediate resolution in sight. The global community watches closely as the humanitarian toll rises in this war-torn region. 



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