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5 Things to Know Today: Tariff Deadline, Oil Surge and a Gold Record

  Tuesday, August 18, 2026 Tomorrow is the deadline day everyone's been counting down to, oil just hit its highest level in weeks, and gold won't quit. Here's what's actually moving your money today — and what to do about it. 1. Canada's Tariff Deadline Is Tomorrow — and There's Still No Deal The U.S. deadline for a new 50% tariff on a broad slate of Canadian goods — dairy, alcohol, and a long "motor vehicles" list that actually covers electronics, furniture, building materials, plastics, clothing, footwear, toys, machinery, cosmetics and agricultural goods — hits at 12:01 a.m. ET Wednesday, August 19. Canada's top negotiators, Dominic LeBlanc and Janice Charette, spent the weekend in Washington meeting U.S. Trade Representative Jamieson Greer, but the session wrapped Sunday without an announcement. LeBlanc's only comment on his way out: "we're going to continue working. Our job is not yet done." Unlike most past rounds, CUSMA eli...
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Wall Street Ends Tumultuous Week on a High Note

 

Wall Street wrapped up a volatile week with a positive finish, as major U.S. stock indexes rebounded on Friday. The Dow Jones Industrial Average climbed 1.6%, the S&P 500 rose 1.8%, and the tech-heavy Nasdaq Composite gained 2.1%. 

This recovery followed a week of dramatic swings, largely driven by escalating trade tensions between the United States and China. President Trump's tariff policies created uncertainty in the markets, with reciprocal tariffs reaching as high as 145% on Chinese imports. Despite the turbulence, optimism emerged after the White House hinted at potential progress in trade negotiations.

Investors remain cautious, as the broader market is still down year-to-date. However, Friday's gains provided a much-needed boost to close out a rollercoaster week on a hopeful note.

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