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5 Things to Know Today: Tariffs, a CPI Surprise, and the Mortgage Rate Gap

  July 21, 2026 A new round of US tariffs, a surprise inflation dip, and a widening gap between fixed and variable mortgage rates are all moving in different directions today. Here's what's happening and what it means for your money. 1. Washington hits Canada with new 50% tariffs on everyday goods The White House has announced fresh 50% tariffs on a wide list of Canadian exports, including wine, dairy, furniture, hockey equipment, cement, and clothing. The move is framed as retaliation over Canada's dairy quotas, car import rules, and provincial bans on US alcohol. The tariffs take effect August 19 and apply even to goods that would normally qualify duty-free under CUSMA, though energy, potash, fish, and critical minerals are exempt. What it means for you: This round targets export industries, not imports into Canada, so it won't directly raise shelf prices here the way a Canadian tariff on US goods would. The bigger risk is indirect — job pressure in affected sectors ...
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Allegations of Secret Detentions at Detroit Facilities Spark Outrage


In a shocking revelation, U.S. Congresswoman Rashida Tlaib has alleged that over 200 individuals have been detained in secret facilities near the Canadian border in Detroit. These detentions reportedly occurred at locations not designed for long-term holding, raising concerns about the conditions and transparency of the process.

The Michigan Immigrant Rights Center (MIRC) has highlighted cases where families, including children, were held in windowless rooms without access to legal counsel or adequate provisions. Many detainees were said to have accidentally crossed into Customs and Border Protection (CBP) areas due to confusing signage near the Ambassador Bridge.

Advocates are calling for immediate reforms, including an end to secret detentions and better oversight of CBP practices. The allegations have sparked widespread calls for accountability and humane treatment of detainees.


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