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Sept 15 Tariff Shift: What's Actually Changing on Canadian Goods (And What Isn't)

  Published September 12, 2026 At 12:01 a.m. ET on Tuesday, September 15, a new round of U.S. tariff changes takes effect on Canadian goods. If you've seen headlines calling this a "new 50% tariff on Canadian steel, aluminum and paper," here's the more accurate story: it isn't a new tariff at all. It's the U.S. reshuffling which products fall under a 50% tariff that's already been in place since August 22 — adding some categories, removing others, on the same day. Here's what's actually happening, and why it matters more to Canadian manufacturers and cross-border shoppers than to your everyday grocery bill. The tariff this modifies Back on August 22, 2026, the U.S. imposed a 50% tariff under Section 338 of the Tariff Act of 1930 on roughly $20 billion CAD of Canadian goods. The White House framed it as retaliation for Canadian "discrimination" against U.S. alcoholic beverages, dairy, and motor vehicles — three separate proclamations, eac...
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S&P/TSX Composite Index Declines Over 100 Points: A Market Recap

 


Canada’s main stock index faced a significant decline on Tuesday, with losses in financial, industrial, and telecom stocks outweighing strength in energy and base metals. Simultaneously, U.S. stock markets also experienced a downturn.

Key Points:

  • S&P/TSX Composite Index: The Canadian benchmark index closed down 110.15 points at 22,075.10.
  • Dow Jones Industrial Average (DJIA): In New York, the DJIA was down 396.61 points at 39,170.24.
  • S&P 500 Index: The broader S&P 500 index declined 37.96 points to 5,205.81.
  • Nasdaq Composite: The Nasdaq composite dropped 156.38 points to 16,240.45.

Currency and Commodities:

  • Canadian Dollar: Traded at 73.68 cents US, compared to 73.67 cents US on Monday.
  • Crude Oil: The May crude oil contract rose by US$1.44, reaching US$85.15 per barrel.
  • Natural Gas: The May natural gas contract increased by three cents, reaching US$1.86 per mmBTU.
  • Gold: The June gold contract surged by US$24.70, reaching US$2,281.80 per ounce.
  • Copper: The May copper contract gained two cents, reaching US$4.07 per pound.

This report by The Canadian Press provides a snapshot of the market conditions on April 2, 2024. Investors should closely monitor developments as market dynamics continue to evolve.

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