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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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Wall Street Futures Edge Higher as November Opens With AI Momentum and Fed Watch

 


As November trading begins, U.S. stock futures are showing modest gains, extending the rally that carried markets through October. S&P 500 futures rose about 0.3%, Nasdaq 100 futures climbed 0.6%, and Dow Jones Industrial Average futures added 0.1%. The upbeat start reflects investor optimism around strong corporate earnings, enthusiasm for AI-driven growth, and expectations for Federal Reserve policy clarity.

October was a strong month for equities: the S&P 500 gained 2.3%, the Dow advanced 2.5%, and the Nasdaq surged 4.7%, marking its seventh consecutive month of gains. Much of this momentum was fueled by Big Tech and the so-called “Magnificent Seven” stocks, which continue to attract investors betting on AI’s transformative potential.

At the same time, macroeconomic uncertainty lingers. The ongoing U.S. government shutdown has delayed key economic data releases, including the monthly jobs report, leaving traders with fewer signals to gauge the economy’s strength. Additionally, the Supreme Court is preparing to hear arguments on the legality of sweeping tariffs, a development that could influence trade policy and market sentiment.

Looking ahead, earnings season remains in full swing, with hundreds of S&P 500 companies still set to report results. Investors are also closely watching the Federal Reserve, as policymakers weigh the balance between inflation control and sustaining economic growth.

In short, Wall Street is entering November with cautious optimism: strong tech earnings and AI enthusiasm are driving gains, but political and economic uncertainties remain in focus.


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