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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 Trade Diplomacy: A Step Toward Resolution with the EU

In a significant move, former U.S. President Donald Trump has expressed optimism about resolving trade disputes with the European Union (EU). This comes amidst ongoing tensions over tariffs and trade barriers that have strained transatlantic relations. Trump's announcement of a temporary 90-day pause on reciprocal tariffs exceeding 10% signals a willingness to engage in constructive dialogue.

The EU has reciprocated by suspending its planned counter-tariffs for the same duration, creating a window for negotiations. European Commission President Ursula von der Leyen emphasized the importance of this pause, describing it as an opportunity to pursue a "frictionless" trading relationship. Both sides aim to address key issues, including tariffs on steel and aluminum, agricultural subsidies, and intellectual property rights.

This diplomatic effort could pave the way for a more collaborative relationship between the U.S. and the EU, potentially setting a precedent for future trade agreements worldwide. While challenges remain, the temporary halt in tariffs offers a glimmer of hope for resolving long-standing disputes and fostering economic cooperation.

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