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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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Freeland and Carney Poised to Enter Liberal Leadership Race

In a significant political development, former finance minister Chrystia Freeland and ex-central banker Mark Carney are expected to enter the race for the Liberal Party leadership. This follows Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen.

Freeland, who has been a prominent figure in Trudeau's cabinet, is currently leading in public opinion polls. Carney, known for his tenure as the Governor of the Bank of Canada, is also a strong contender. The leadership vote is set for March 9, ahead of the 2025 national elections.

The Liberal Party faces significant challenges, including economic issues and declining support. The new leader will need to address these concerns and devise a strategy to counter the opposition Conservatives.


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