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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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Trump Floats Free Trade Deal with Argentina Amid Strengthening Ties

 

President Donald Trump hols a framed letter that Argentina's President Javier Milei presented to him during a meeting in the Cabinet Room of the White House, Tuesday, Oct. 14, 2025, in Washington.

In a move that could reshape U.S.-South American economic relations, President Donald Trump has suggested the possibility of a free trade agreement with Argentina. The announcement came during a high-profile meeting at the White House with Argentine President Javier Milei, where both leaders emphasized their growing partnership.

The discussion followed Washington’s recent $20 billion currency swap extended to Buenos Aires, a lifeline aimed at stabilizing Argentina’s struggling economy. Trump described the support as part of a broader strategy to deepen cooperation, stating, “We want to help Argentina. We want to see it succeed.”

For Argentina, a trade deal with the United States could open new markets for its agricultural exports and attract investment, while for Washington it represents an opportunity to strengthen influence in South America at a time of shifting global alliances.

Although no formal negotiations have been launched, the prospect of a free trade agreement underscores the close relationship between Trump and Milei, who has aligned himself with the U.S. leader on economic and political priorities.


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