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5 Things to Know Today — September 27, 2026

  Sunday, September 27, 2026  |  MoneySavings.ca A milestone in the Canada-US trade war hits at midnight, the Bank of Canada's rate decision is now a near-coin-flip, and Canada's economic pivot to China is showing real results. Here are the five things that matter for your wallet today. 01 OF 05 The US Alcohol Import Ban Takes Effect Tonight at Midnight At 12:01 a.m. Eastern tonight, the United States stops accepting new shipments of packaged Canadian beer, wine, cider, and spirits. The ban was signed by President Trump on September 8 under Section 338 of the Tariff Act of 1930, escalating the trade dispute beyond the 50% tariffs that took effect on August 22. Everything already on US store shelves stays there and can still be sold — the ban stops restocking, not consumption. Goods imported before tonight but not yet cleared through customs remain subject to the 50% duty rather than the ban. Bulk spirits shipped in containers over four litres are exempt; consumer-sized bo...
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Trump's Tariff Wars: A New Chapter in Global Trade

President Donald Trump has escalated his trade policy with the implementation of a new round of tariffs, marking a significant shift in the United States' approach to international commerce. Dubbed "reciprocal tariffs," these measures aim to address trade imbalances by imposing higher rates on goods from countries with trade surpluses with the U.S. The latest tariffs, which took effect on April 9, 2025, have sparked reactions worldwide, with trading partners like China announcing countermeasures, including an 84% tariff on American goods.

The economic impact of these tariffs is already being felt, with stock markets experiencing volatility and concerns rising about the potential for prolonged trade wars. While the administration argues that these tariffs will bolster domestic industries and reduce the trade deficit, critics warn of the risks to global economic stability and the strain on international relations.

The question remains: will these tariffs achieve their intended goals, or will they further complicate the global trade landscape?

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