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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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Netanyahu’s Gaza City Offensive Sparks Global Debate Over War’s Endgame

 

                                            Israeli Prime Minister Benjamin Netanyahu


Israeli Prime Minister Benjamin Netanyahu has defended a newly approved military operation targeting Gaza City, asserting it is the “best and fastest way” to end the ongoing war with Hamas. Speaking at a press conference in Jerusalem on August 10, Netanyahu emphasized that the offensive aims to dismantle Hamas’s final strongholds in Gaza City and central camps, which he claims is essential to achieving lasting peace.

Netanyahu outlined a plan that includes establishing safe zones for civilians to evacuate combat areas, promising access to food, water, and medical care. He also reiterated that Israel does not intend to occupy Gaza but seeks to demilitarize the region and install a civilian administration unaffiliated with Hamas or the Palestinian Authority.

The announcement has drawn sharp criticism both domestically and internationally. Several European nations and humanitarian organizations have expressed concern over the potential for increased civilian casualties and the fate of hostages still held in Gaza. Netanyahu, however, dismissed these concerns as part of a “global campaign of lies,” insisting that the operation is necessary due to Hamas’s refusal to disarm.

As the Israeli Defense Forces prepare for the offensive, the timeline remains vague, though Netanyahu suggested it would proceed “fairly quickly.” The move coincides with growing protests within Israel and calls for a ceasefire from families of hostages and reservists, adding pressure to an already volatile situation.


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