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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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Trump's Tariff Gamble: Boom or Bust?

In a bold move, former President Donald Trump has predicted that his sweeping global tariffs will lead to an economic boom for the United States. The tariffs, which impose significant taxes on imports from various countries, are aimed at boosting domestic manufacturing and creating jobs. Trump has emphasized that these measures will "bring back manufacturing jobs" and "restore America's economic glory."

However, the immediate reaction from global markets tells a different story. Financial markets worldwide have experienced sharp declines, with major indices like the S&P 500 and Nasdaq dropping significantly. Economists warn that the tariffs could lead to higher inflation and slower economic growth, potentially offsetting any benefits from increased domestic production.

While Trump remains optimistic about the long-term impact of his policies, critics argue that the tariffs could strain international relations and disrupt global supply chains. The coming months will reveal whether Trump's vision of economic prosperity will materialize or if the tariffs will trigger a recession instead.

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