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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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UK and Canada’s Free-Trade Deal Talks Break Down Over Agricultural Products

 

The UK and Canada have failed to reach a free-trade deal after almost two years of negotiations. The UK was pushing to extend a temporary arrangement allowing exports of British cheese to Canada under low tariffs, similar to those enjoyed by EU members. Canada, for its part, had hoped to secure UK access for its beef and pork, which do not currently meet British regulatory standards. 

The UK government spokesperson said that Britain will only negotiate trade deals that “deliver” for its people. The breakdown in talks effectively leaves the UK at risk of being in a worse position than it was as a member of the bloc when it comes to Canada trade. The UK is Canada’s third-largest, single-country trading partner at over C$46 billion ($34 billion) a year, according to the Canadian government. The UK ranks Canada as its 18th-largest trading partner.

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