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5 Things to Know Today: U.S. Alcohol Ban, GDP Day, 5.25% Yields (Sept 29)

  Tuesday September 29, 2026 A U.S. import ban on Canadian booze kicks in, Statistics Canada reports July GDP, and U.S. bond yields sit at levels not seen since 2007. Here are the five things that matter for your wallet today. 1 The U.S. ban on Canadian alcohol takes effect today As of 12:01 a.m. ET, the U.S. is refusing entry to many Canadian beer, wine, cider and spirits shipments, along with whey products, molasses and larger motorcycles. The measures were signed Sept. 8 and largely replace the 50% tariffs that applied to these goods. Bottles already in the U.S. can still be sold, and product shipped in bulk to be bottled south of the border appears to fall outside the ban. Canadian producers say pivoting to domestic sales won't be easy, because a patchwork of provincial rules complicates selling across borders. What it means for you: The ban hits exports, not what you pay at the store. The exposure is for people who work in or own shares of brewers, distillers and wineries, a...
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Ottawa Prioritizes Canadian Steel and Aluminum in Federal Grants


In a significant move to bolster domestic industries, the Canadian government has mandated that all federal grant recipients prioritize the use of Canadian steel and aluminum in their projects. This directive, announced by Industry Minister François-Philippe Champagne, is part of Ottawa's broader strategy to support local manufacturing and counter external trade pressures.

The decision comes amidst ongoing challenges in the global trade landscape, including tariffs imposed by the United States on Canadian steel and aluminum. By emphasizing the use of homegrown materials, the government aims to safeguard jobs, strengthen the national economy, and ensure the sustainability of critical industries.

Minister Champagne highlighted the importance of Canadian steel and aluminum in supporting key sectors such as defense, automotive, and infrastructure. He emphasized that this initiative not only protects Canadian workers but also reinforces the country's commitment to a resilient and self-reliant economy.

This policy shift is expected to have a ripple effect across various industries, encouraging innovation and investment in Canadian manufacturing. It also underscores the government's dedication to fostering a competitive and sustainable industrial base in the face of global challenges.

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