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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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Asia’s Flood Catastrophe: Race Against Time as Death Toll Surges

A couple sits outside their home, partially covered in mud after a flash flood hit their village in Tukka, Central Tapanuli Regency, North Sumatra, Indonesia, December 1, 2025.

Rescue operations are intensifying across Southeast Asia as the death toll from catastrophic floods and landslides has climbed beyond 1,300 lives. The disaster, triggered by days of relentless monsoon rains and compounded by tropical storms, has devastated communities in Indonesia, Sri Lanka, and Thailand, leaving more than 800 people missing and millions displaced.

Emergency crews are working around the clock to reach survivors stranded on rooftops and in remote villages cut off by mudslides and collapsed infrastructure. Helicopters and boats have been deployed to deliver food, clean water, and medical supplies, while volunteers and local authorities struggle to clear debris and restore communication lines.

The scale of destruction is immense: homes have been swept away, farmland submerged, and critical roads rendered impassable. In Indonesia’s North Sumatra, aerial images show villagers navigating muddy terrain in search of safety. Sri Lanka and Thailand report similar scenes of devastation, with families forced to flee rising waters and landslides.

Officials warn that the death toll may continue to rise as search teams uncover more bodies in remote areas. Climate experts point to warming oceans and shifting weather patterns as contributing factors, raising fears that such disasters could become increasingly frequent in the region.

Governments are pledging emergency aid, but survivors face a long road to recovery. With thousands still missing and infrastructure severely damaged, the floods are being described as one of the deadliest natural disasters in recent Asian history.

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