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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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Israeli Strikes in Eastern Lebanon Leave Eight Hezbollah Fighters Dead

 

People collect the remains of their belongings from a building destroyed in an Israeli strike in the village of Bednayel in eastern Lebanon, on Saturday.

Israeli airstrikes in eastern Lebanon have killed eight members of Hezbollah, according to Lebanese security officials and sources close to the group. The strikes targeted positions near the Syrian border, an area where Hezbollah maintains a significant presence and frequently moves personnel and equipment.

The attack marks one of the deadliest single incidents for Hezbollah in recent weeks, as cross‑border hostilities between Israel and the Iran‑backed group continue to escalate. Since the outbreak of the Gaza war, the northern Israeli–Lebanese frontier has seen near‑daily exchanges of fire, raising fears of a broader regional conflict.

Hezbollah has not immediately released details about the identities of the fighters killed, but the group has vowed to respond to Israeli operations that result in casualties among its ranks. Israeli officials, meanwhile, have maintained that their strikes are aimed at preventing Hezbollah from expanding its military capabilities or opening a wider front.

Regional observers warn that the sustained tit‑for‑tat attacks risk pushing both sides closer to a full‑scale confrontation, even as international mediators attempt to de‑escalate tensions.


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