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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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Trump Orders Decisive Strikes on Yemen's Houthis, Casualties Reported


In a significant escalation, U.S. President Donald Trump has authorized a series of airstrikes targeting Houthi rebels in Yemen. The operation, described as "decisive and powerful," aims to counter the Iran-backed group's activities in the Red Sea, which have disrupted global shipping and posed threats to international security.

The strikes, carried out on Saturday, resulted in at least 31 fatalities and over 100 injuries, according to reports from Yemen's Houthi-run health ministry. Many of the casualties were women and children, highlighting the devastating impact on civilians. The attacks targeted key Houthi military sites, including missile defenses and bases in Sanaa and other regions.

President Trump emphasized the necessity of the operation, stating that the U.S. would deploy "overwhelming lethal force" to ensure the safety of American and allied vessels. He also issued a stern warning to Iran, the Houthis' primary backer, demanding an end to their support for the group.

The Houthis have condemned the strikes as a "war crime" and vowed to respond with escalation. The situation remains tense, with further actions anticipated in the coming weeks. This marks a pivotal moment in the ongoing conflict, with potential implications for regional stability and international relations.

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