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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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Zelensky Presses Allies Amid Unresolved Challenges in Europe Tour

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Ukrainian President Volodymyr Zelensky has acknowledged that “tough issues” remain unresolved as he continues a high-stakes tour across Europe aimed at rallying support for Kyiv’s war effort and diplomatic standing. Speaking after talks with U.S. officials, Zelensky emphasized that while progress has been made, critical disagreements persist, particularly over the terms of potential peace negotiations and the scale of future military aid.

During his European engagements, Zelensky met with French President Emmanuel Macron in Paris and is expected to hold further discussions with leaders in Berlin, Rome, and London. His mission is clear: to secure commitments of military hardware, humanitarian assistance, and political backing at a time when Ukraine faces mounting pressure from Washington to consider peace proposals.

European allies have largely reassured Zelensky of their “unwavering support”, but the Ukrainian leader has warned that the stakes are higher than ever. He described Ukraine as being at “one of the most difficult moments of its history”, caught between safeguarding national dignity and maintaining crucial U.S. partnership.

Zelensky’s tour also underscores his broader strategy of keeping Ukraine’s plight at the forefront of European politics. By meeting NATO officials and EU leaders, he aims to lock in long-term commitments before shifting dynamics in Washington potentially alter the flow of aid.

Despite the uncertainty, Zelensky remains determined to push for a resolution that ensures Ukraine’s sovereignty and security. His whirlwind diplomacy reflects both urgency and resilience, as he seeks to balance the demands of allies with the realities of a grinding war.

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