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5 Things to Know Today: Retaliation Tariffs Set for Sept. 8

  Sunday, August 23, 2026 — Here's what's moving Canadian wallets today, from Ottawa's retaliation date to a fresh record for gold. 1. Canada's retaliation tariffs now have a date: Sept. 8 Prime Minister Mark Carney confirmed Saturday that Canada's "dollar for dollar" response to the new U.S. 50% tariffs will take effect Tuesday, September 8 — the day after Labour Day. Six sectors are named so far: steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Ottawa hasn't released the exact tariff rate or the product list yet, saying more details — including a promised support package for affected workers and businesses — are coming "in the coming days." What it means for you: If you buy imported appliances or electronics, or shop U.S. grocery brands in the newly named categories, price watch starts now — but nothing changes at the till until Sept. 8 at the earliest. 2. Markets face their first real test Monday Friday...
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Russia Claims Sanctions Resistance Amid New U.S. Threats

 

                                           Trump said on Tuesday that the United States would
                                          start imposing tariffs and other measures on Russia 
                                          in 10 days if Moscow showed no progress towards
                                         ending its more than three-year-long war in Ukraine

Moscow’s Defiant Response to Trump’s Warning

The Kremlin has announced that Russia has built a “robust immunity” to Western sanctions, responding to recent threats made by former U.S. President Donald Trump regarding potential new measures. According to Kremlin spokesperson Dmitry Peskov, Russia's economy and political system have adapted over time, cushioning the impact of repeated sanctions from Western nations.

This statement comes as Trump publicly suggested he would reintroduce or intensify sanctions against Moscow if re-elected, citing geopolitical tensions and ongoing global concerns.

Peskov emphasized that while sanctions once posed significant challenges, Russia’s internal restructuring, increased self-reliance, and strengthened trade partnerships—particularly with non-Western countries—have fortified its resilience. “These tools of pressure no longer yield the results their creators intended,” he said.

Analysts remain divided on the long-term effectiveness of sanctions, especially as global alliances shift and countries like Russia seek alternatives to Western-dominated financial systems.


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