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Ottawa May End U.S. Alcohol Bans to Dodge the Tariffs — What It Means for You

  August 10, 2026 · 6 min read With nine days left before the United States' 50% tariff on hundreds of Canadian goods is set to kick in, Ottawa appears willing to give up one of its most visible retaliation tools: the provincial bans on American beer, wine, and spirits. According to CBC News reporting from federal negotiators, Canada is prepared to end those bans, lift its retaliatory tariff on U.S.-made vehicles, and adjust how it allocates dairy import quotas — all in exchange for Washington dropping the looming 50% levy and easing existing duties on steel and aluminum. Talks have not produced a signed deal. Both sides have agreed to meet daily through August 19, and Canadian officials have reportedly told their American counterparts that the deadline is a real cliff: once the tariffs land, there's little political appetite left in Canada to keep negotiating. Whether that urgency produces an agreement in time is still an open question. What it means for you: Even if this dea...
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US Futures Edge Up as Investors Await Earnings and Fed Meeting

 

US stock futures nudged higher today as investors brace for a busy week of corporate earnings and the kickoff of the Federal Reserve’s policy meeting. Futures on the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all rose by approximately 0.2% in pre-market trading.

This week is pivotal for the markets, with major companies like Microsoft, Apple, Amazon, and Meta set to report their quarterly earnings. Investors are particularly keen to see if the substantial investments in artificial intelligence by these tech giants are beginning to yield returns.

In addition to earnings, the Federal Reserve’s policy meeting, starting today, is in sharp focus. While no change in interest rates is expected, the meeting could lay the groundwork for a potential rate cut in September, following encouraging inflation data from June.

The market’s attention is also on the July jobs report, which will be released later this week. This report, along with the Fed’s decisions and corporate earnings, will be crucial in determining whether the recent stock pullback has ended.

Stay tuned as this week unfolds, bringing significant developments that could shape the market’s direction in the coming months.


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