Skip to main content

Featured

5 Things to Know Today — Oil Diplomacy, TSX Rally, Carney at UNGA, Bond Yields, Canada's AI Gap (Sept. 23, 2026)

  Wednesday, September 23, 2026  |  MoneySavings.ca Oil is pulling back. The TSX is rebounding. Carney is talking deals in New York. And two under-the-radar stories — bond yields creeping up and a warning about Canada's AI ambitions — could quietly reshape your finances. Here's what matters today. 01 of 05 Oil Drops Below $92 as US–Iran Talks Begin at the UN WTI crude pulled back toward $90 per barrel Wednesday — its lowest level since early September — as diplomacy replaced missiles at the United Nations General Assembly in New York. US envoys Jared Kushner and Steve Witkoff spent three hours in shuttle talks with Iranian officials on the UNGA sidelines, just hours after President Trump threatened Iran with "annihilation" in his address to the General Assembly. Iran had offered to reopen the Strait of Hormuz within seven days if the US agreed to ease its naval blockade. Brent settled down roughly 3–4%, snapping five days of decline but still elevated from pre-conflic...
Post a Comment
Read more

article

Labels

Canada Implements Digital Services Tax Amidst Controversy

Canada has officially enacted a digital services tax (DST), which imposes a three percent levy on revenue from Canadian users by foreign tech giants, retroactive to 2022. This move has sparked significant debate and concern among businesses and the United States government, with fears of potential trade repercussions.

Deputy Prime Minister and Finance Minister Chrystia Freeland defended the decision, stating that it was unfair for Canada to indefinitely delay its own measures while waiting for a multilateral agreement on digital service taxes. She emphasized the need for tech companies to pay their fair share of taxes on revenue earned without a physical presence in Canada.

The DST is expected to affect companies with global annual income of at least $1.1 billion and Canadian revenues greater than $20 million a year. While the tax aims to level the playing field and support essential investments within the country, it has raised concerns about adding irritants to the trade relationship with the United States, especially during a sensitive time with upcoming presidential and congressional elections.

Labels:

Comments

Post a Comment