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Ottawa May End U.S. Alcohol Bans to Dodge the Tariffs — What It Means for You

  August 10, 2026 · 6 min read With nine days left before the United States' 50% tariff on hundreds of Canadian goods is set to kick in, Ottawa appears willing to give up one of its most visible retaliation tools: the provincial bans on American beer, wine, and spirits. According to CBC News reporting from federal negotiators, Canada is prepared to end those bans, lift its retaliatory tariff on U.S.-made vehicles, and adjust how it allocates dairy import quotas — all in exchange for Washington dropping the looming 50% levy and easing existing duties on steel and aluminum. Talks have not produced a signed deal. Both sides have agreed to meet daily through August 19, and Canadian officials have reportedly told their American counterparts that the deadline is a real cliff: once the tariffs land, there's little political appetite left in Canada to keep negotiating. Whether that urgency produces an agreement in time is still an open question. What it means for you: Even if this dea...
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Fed keeps interest rates unchanged, stocks rally



US stocks rose on Wednesday as the Federal Reserve voted to hold interest rates at their highest range in 22 years at the conclusion of its latest policy meeting.  The Federal Reserve decided to keep its benchmark interest rate in a range of 5.25%-5.50%, The Fed is waiting to see the impact of its previous rate hikes on the economy.

The S&P 500 was up more than 1.05% while the Dow ones Industrial Average  gained almost 0.7%. Meanwhile, the tech-heavy Nasdaq  rose about 1.6 %.with the S&P 500, the Dow Jones, and the Nasdaq all gaining more than 0.7%. Investors were relieved that the Fed did not signal any further tightening in the near term.

Fed Chair Jerome Powell said policy makers would proceed carefully although they were not yet confident financial conditions were restrictive enough to get inflation as low as the central bank would like.

Treasury yields edged lower, with the 10-year yield trading around 4.8%. Yields ticked lower earlier Wednesday after the US Treasury's quarterly refunding update revealed the Treasury will auction $112 billion in debt next week, roughly in line with Wall Street's expectations.


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