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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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Deadly Test Run: China’s Rail Tragedy Claims 11 Lives

                                     China's rail network is the world's largest, spanning more than 160,000 km 


A devastating rail accident in southwestern China has left 11 railway workers dead and two others injured, marking the country’s worst rail disaster in more than a decade. The incident occurred on Thursday, November 27, 2025, in Kunming, Yunnan Province, when a train conducting earthquake detection equipment tests struck a maintenance crew on a curved section of track near Luoyang Town railway station.

Authorities confirmed that normal rail services have since resumed at the station, but an investigation is underway to determine how the tragedy unfolded. The workers were reportedly positioned along the test section of track when the train entered the curve, leaving little time to react.

China’s rail network, the largest in the world with over 160,000 km of track, has long been praised for its efficiency and scale, handling billions of trips annually. However, it has also faced scrutiny following several high-profile accidents. In 2011, a crash in Zhejiang killed 40 and injured 200, while in 2021, nine workers died in Gansu after being struck by a train during maintenance.

The Kunming accident has reignited concerns about worker safety protocols during test runs and maintenance operations. State-run media reported that the tragedy has triggered a major safety review across the rail system.

This incident serves as a stark reminder of the risks faced by railway workers and the importance of stringent safety measures in one of the world’s busiest transportation networks.

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