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5 Things to Know Today: US Import Ban, Oil Tops $100, TSX Slides, ECB Hikes

  September 10, 2026 A big trade-war escalation, a return of $100 oil, a wobbly TSX, and a central bank on the move overseas — here's what's moving markets and your wallet this morning. 1. Washington Bans Canadian Alcohol, Dairy Ingredients and Motorcycles The trade war jumped up another notch Tuesday night. The White House issued executive orders banning imports of most Canadian alcoholic beverages — beer, wine, whisky, vodka, rum, tequila and more — along with whey protein, molasses and non-alcoholic beer, plus Canadian-made motorcycles. The bans take effect September 29. Several cheese products were added to the existing 50% tariff list rather than banned outright, and Trump's threat to raise auto tariffs from 25% to 50% on January 1 remains on the table. The move follows Canada's own $27.6-billion retaliation tariffs, which took effect at midnight Tuesday. Trade Minister Dominic LeBlanc called the U.S. measures "unjustified." What it means for you: This m...
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Investigation into Baltimore Bridge Collapse Picks Up Speed as Divers Search for Missing Workers

 

U.S. federal safety investigators have recovered the black box from the freight ship that crashed into the Francis Scott Key Bridge, causing its collapse. Rescuers are now searching for the remains of six construction workers who were lost in the tragic incident.

The cargo ship, a 948-foot (289-meter) Singapore-flagged container vessel named Dali, collided with a pillar of the 1.6-mile (2.6 km) bridge in the early morning darkness on Tuesday. The impact caused a trestled section of the bridge to crumple into the water, sending vehicles and workers into the frigid, 50-foot-deep waters at the mouth of the Patapsco River.

Key Details:

  • Black Box Recovery: Investigators from the U.S. National Transportation Safety Board (NTSB) retrieved the data recorder after boarding the ship late on Tuesday. They will interview the ship’s crew and other survivors.
  • Closure of Port of Baltimore: The disaster forced the indefinite closure of the Port of Baltimore, one of the busiest on the U.S. Eastern Seaboard, creating a traffic quagmire for Baltimore and the surrounding region.
  • Rescues and Tragedy: Rescuers managed to pull two construction workers from the water alive on Tuesday, but six others are presumed to have perished. Among the missing are immigrants from Mexico, Guatemala, and El Salvador.
  • Bridge Code Compliance: Maryland Governor Wes Moore stated that the bridge was up to code with no known structural issues.
  • Preventing Higher Casualties: The container vessel had reported a loss of propulsion shortly before impact and dropped anchor to slow down, allowing transportation authorities to halt traffic on the bridge before the crash. This likely prevented a higher death toll.

The investigation into this tragic incident will provide a timeline of events, shedding light on how and why the cargo ship collided with the bridge. Meanwhile, divers continue their search for the missing workers, navigating mangled metal in the dark waters where lives were lost.


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