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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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Trump Calls on Iranian Protesters to Persist as Crackdown Intensifies

 A demonstrator lights a cigarette with fire from a burning picture of Iran's Supreme Leader Ayatollah Ali Khamenei.

U.S. President Donald Trump urged Iranians to continue nationwide demonstrations, declaring that “help is on its way” as the country faces its largest wave of unrest in years. His message, shared on social media, came amid a sweeping crackdown by Iran’s leadership, which has struggled to contain protests driven by economic hardship and political frustration.

Trump encouraged demonstrators to “take over your institutions” and document abuses, while announcing that all meetings with Iranian officials would be halted until the violence against protesters stops. When asked what form U.S. assistance might take, he declined to provide details.

The protests, fueled by the collapse of the Iranian rial and worsening living conditions, have resulted in significant casualties. Despite internet restrictions and communication blackouts, reports of clashes and arrests continue to emerge.

Trump’s remarks add international pressure at a moment of deep internal turmoil for Iran’s government.


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