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5 Things to Know Today — September 27, 2026

  Sunday, September 27, 2026  |  MoneySavings.ca A milestone in the Canada-US trade war hits at midnight, the Bank of Canada's rate decision is now a near-coin-flip, and Canada's economic pivot to China is showing real results. Here are the five things that matter for your wallet today. 01 OF 05 The US Alcohol Import Ban Takes Effect Tonight at Midnight At 12:01 a.m. Eastern tonight, the United States stops accepting new shipments of packaged Canadian beer, wine, cider, and spirits. The ban was signed by President Trump on September 8 under Section 338 of the Tariff Act of 1930, escalating the trade dispute beyond the 50% tariffs that took effect on August 22. Everything already on US store shelves stays there and can still be sold — the ban stops restocking, not consumption. Goods imported before tonight but not yet cleared through customs remain subject to the 50% duty rather than the ban. Bulk spirits shipped in containers over four litres are exempt; consumer-sized bo...
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Market Jitters: U.S. Stock Futures Slide Amid Trump’s Criticism of Fed Chair Powell

U.S. stock futures took a hit early Monday as investors reacted to President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell. The remarks, which included renewed calls for Powell’s removal, have raised concerns about the central bank’s independence and its ability to navigate monetary policy effectively.

Trump’s latest comments follow reports that his administration is exploring whether firing Powell is an option. The uncertainty surrounding the Fed’s leadership has added to market volatility, with Dow E-minis dropping 344 points (0.87%), S&P 500 E-minis falling 53.75 points (1.01%), and Nasdaq 100 E-minis declining 209.25 points (1.14%).

Investors are already grappling with broader economic concerns, including ongoing trade tensions and the potential for further interest rate cuts. The dollar weakened against major currencies, while safe-haven assets like gold saw gains. Meanwhile, major tech and growth stocks, including Tesla and Nvidia, also faced premarket declines.

With uncertainty looming over both trade policy and monetary decisions, market participants will be closely watching upcoming economic data and corporate earnings reports for further direction.

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