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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 Monsoon Catastrophe: Death Toll Surges Past 1,000

 

People wade down a flooded road, Nov. 30, 2025, in Sumatra, Indonesia, amid flooding caused by torrential monsoon rains that killed over 1,000 people in four countries.


The scale of devastation across Southeast Asia has become tragically clear as floods and landslides have claimed more than 1,000 lives in recent days. Triggered by torrential monsoon rains and rare tropical storms, the disaster has ravaged communities in Indonesia, Sri Lanka, Thailand, and Malaysia, leaving millions displaced and entire villages cut off from aid.

In Indonesia’s Sumatra, relentless rainfall submerged towns and forced residents to cling to rooftops awaiting rescue by boat or helicopter. Sri Lanka has seen widespread destruction, with military forces deployed to assist survivors and deliver emergency supplies. Thailand and Malaysia have also reported severe flooding, with roads and communication lines crippled, complicating relief efforts.

Scientists warn that climate change is intensifying monsoon patterns, producing more extreme rainfall events and turbocharging storms across the region. The back-to-back cyclones Senyar and Ditwah worsened the crisis, striking within days of each other and overwhelming already saturated landscapes.

Governments are scrambling to respond. Indonesian President Prabowo Subianto acknowledged that “the worst has passed, hopefully,” while pledging helicopters, hospital ships, and warships to reach isolated communities. In Sri Lanka, officials have appealed for international assistance as the scale of displacement grows.

The floods have not only taken lives but also destroyed homes, livelihoods, and infrastructure. With millions now homeless or stranded, the disaster is being described as one of the deadliest natural calamities in Asia in recent years. Relief agencies warn that the humanitarian crisis will deepen unless aid reaches survivors quickly.


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