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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 Rejects Estonia’s Airspace Violation Claim Amid Rising NATO Tensions

 

 A Russian MIG-31 jet flying above the Baltic Sea after violating Estonian airspace, September 19, 2025.

Russia has strongly denied Estonia’s accusation that three Russian MiG-31 fighter jets violated its airspace last week, dismissing the claim as baseless and politically motivated.

Estonia reported that the jets entered its territory without permission for 12 minutes before being forced to withdraw. Western officials suggested the incident was a deliberate test of NATO’s readiness, coming just days after Russian drones crossed into Polish airspace.

Kremlin spokesperson Dmitry Peskov rejected the allegation, saying Tallinn had provided no “objective monitoring data” to support its claim. He accused Estonia of escalating tensions and provoking confrontation, while stressing that Russian pilots operate in strict accordance with international law.

The dispute has drawn international attention, with the United Nations Security Council set to discuss the matter and NATO members preparing consultations under Article 4 of the alliance’s charter. The episode underscores heightened anxieties in Eastern Europe as the war in Ukraine continues to reverberate across the region.


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