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5 Things to Know Today: Retaliation Tariffs Hit, Oil Spikes on Saudi Strikes

  Tuesday, September 8, 2026 — Your morning rundown of the Canadian financial news that actually affects your wallet. 1. Canada's $27.6B Retaliation Tariffs Take Effect At 12:01 a.m. today, Canada's countermeasures against more than 700 U.S. products came into force, matching Washington's August 22 tariffs dollar-for-dollar. Tariffs on American steel and aluminum double to 50%, while new levies of 15% to 50% now apply to dairy, appliances, agricultural equipment, pulp and paper, and electronics. A $7.5-billion support package is rolling out for affected Canadian businesses. What it means for you: U.S.-made appliances (fridges, freezers, washers, dryers, ranges) now carry a 25% tariff, and cheese, whey, and milk powder imports jump 25%–50%. Shopping for a new appliance or specialty dairy product? Expect price increases to show up at retail over the coming weeks. 2. Oil Surges to ~$99 on Overnight Saudi Strikes Overnight strikes on Saudi energy facilities pushed Brent crude...
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Missile Strike Near Israel’s Ben Gurion Airport Sparks Security Concerns

A missile launched from Yemen by the Iran-backed Houthi rebels landed near Israel’s Ben Gurion Airport on Sunday morning, causing temporary flight suspensions and widespread panic among passengers. The missile struck a road near Terminal 3, creating a large crater but causing no significant damage. 

Israeli authorities confirmed that multiple interception attempts failed, leading to the projectile reaching its target. Sirens blared across central Israel, including Tel Aviv, as emergency crews rushed to the scene. The Israeli ambulance service reported that several people sustained minor injuries, with some requiring hospitalization. 

The Houthis claimed responsibility for the attack, stating that Israel’s main airport was “no longer safe for air travel”. In response, Israeli Defense Minister Israel Katz vowed strong retaliation, declaring that “whoever harms us will be harmed sevenfold”. 

Flight operations at Ben Gurion Airport resumed after a brief suspension, though several airlines canceled or delayed departures. The incident comes amid escalating tensions in the region, with Israeli officials set to discuss potential military responses. 

This latest strike underscores the growing threat posed by long-range missile attacks and raises concerns about the effectiveness of Israel’s air defense systems. 


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