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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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Von der Leyen Fends Off No-Confidence Challenges, Secures Backing in EU Parliament

 

                                            European Commission President Ursula von der Leyen


European Commission President Ursula von der Leyen has comfortably survived two no-confidence motions in the European Parliament, reaffirming her leadership despite mounting criticism from both the far-right and far-left.

In Thursday’s votes, 378 lawmakers opposed a motion brought by the far-right Patriots for Europe group, while 383 rejected a separate challenge from The Left. Both fell far short of the 361 votes required to unseat her. The challenges centered on contentious trade deals with the United States and South American bloc Mercosur, as well as broader concerns over migration, environmental policies, and transparency.

Von der Leyen, who began her second five-year term in 2024, expressed gratitude for the support, stating that her Commission would continue to work closely with Parliament to address Europe’s pressing challenges. While the outcome was never in serious doubt, the repeated attempts highlight growing polarization within the EU assembly and the increasing willingness of fringe parties to use censure motions as political tools.


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