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5 Things to Know Today: U.S. Alcohol Ban, GDP Day, 5.25% Yields (Sept 29)

  Tuesday September 29, 2026 A U.S. import ban on Canadian booze kicks in, Statistics Canada reports July GDP, and U.S. bond yields sit at levels not seen since 2007. Here are the five things that matter for your wallet today. 1 The U.S. ban on Canadian alcohol takes effect today As of 12:01 a.m. ET, the U.S. is refusing entry to many Canadian beer, wine, cider and spirits shipments, along with whey products, molasses and larger motorcycles. The measures were signed Sept. 8 and largely replace the 50% tariffs that applied to these goods. Bottles already in the U.S. can still be sold, and product shipped in bulk to be bottled south of the border appears to fall outside the ban. Canadian producers say pivoting to domestic sales won't be easy, because a patchwork of provincial rules complicates selling across borders. What it means for you: The ban hits exports, not what you pay at the store. The exposure is for people who work in or own shares of brewers, distillers and wineries, a...
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TSX gains on hopes of rate hike pause

 

The TSX closed slightly higher on Wednesday, as some sectors that benefit from lower interest rates rose amid signs that central banks may not tighten monetary policy further. The Canadian and U.S. economies added fewer jobs than expected in October, easing inflation fears and boosting bond prices. The TSX composite index ended up 3.5 points, or 0.02%, at 20,264.59.

The financials sector, which accounts for about a third of the TSX’s weight, gained 0.6%, as lower bond yields reduce borrowing costs and increase the value of future cash flows. The real estate sector, which is also sensitive to interest rates, climbed 1.2%, while the consumer discretionary sector, which includes retailers and auto parts makers, rose 0.9%

The energy sector, however, fell 1.1%, as oil prices dropped 2.4% to $80.51 a barrel, amid concerns about rising U.S. crude inventories and the impact of the COVID-19 pandemic on global demand. The materials sector, which includes miners and fertilizer producers, also declined 0.7%, as base metal and gold prices retreated.

For the week, the TSX was down 0.4%, as a jump in bond yields earlier in the week weighed on interest-rate sensitive sectors such as technology and utilities. The TSX is still up 18.6% year-to-date, outperforming the S&P 500, which is up 15.8%.

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