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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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U.S.-Ukraine Talks Show Progress, But Peace Still Elusive

 

U.S. Senator Marco Rubio 

U.S. Senator Marco Rubio described recent negotiations between Washington and Kyiv as “productive,” while cautioning that significant challenges remain before a comprehensive peace agreement can be reached.

Rubio emphasized that while both sides made progress in aligning priorities, the path toward ending the ongoing conflict is far from settled. He noted that discussions touched on military aid, security guarantees, and long-term reconstruction efforts, but acknowledged that bridging differences on territorial sovereignty and future security arrangements will require further dialogue.

The senator underscored the importance of continued U.S. engagement, stressing that a durable peace must balance Ukraine’s sovereignty with regional stability. “We’re moving in the right direction,” Rubio said, “but there’s still a lot of work ahead.”

Observers view the talks as a cautious step forward, highlighting the complexity of achieving a lasting resolution amid ongoing hostilities.


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