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What to Actually Buy (or Skip) Before the Aug. 19 Tariffs Hit

  Pulished August 15, 2026 Four days out, the "stock up now" advice making the rounds is mostly aimed at exporters, not shoppers. Here's what genuinely moves the needle on your car, wine, and grocery bill — and what's just noise. At 12:01 a.m. ET on Wednesday, a new round of U.S. tariffs is set to hit roughly $20 billion worth of Canadian exports — dairy, alcohol, and vehicles among them — unless Ottawa and Washington reach a deal first. As of this weekend, the signals are genuinely mixed. Canada's chief trade negotiator, Janice Charette, told a government advisory group Friday that there's still "a significant amount of work to do," with talks expected to run through the weekend. At the same time, industry executives following the negotiations told the Washington Post the two sides are inching closer to an arrangement that would pair Canadian concessions on autos, alcohol, and dairy with commitments on energy, defence, and critical minerals — in e...
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Canada’s Inflation Drops to 1.8% as Tax Effects Fade and Prices Stabilize

 

Stable core inflation measures should give the Bank of Canada space to "play down its concern around higher energy prices" caused by the war in Iran, CIBC economist Katherine Judge said. 


A Shift Toward Price Stability

Canada’s annual inflation rate eased to 1.8% in February, marking a sharper-than-expected slowdown and bringing inflation below the Bank of Canada’s 2% target for the first time in months. 

Why Inflation Fell

Several factors contributed to the decline:

  • Base-year effects: Prices were unusually high last year after a federal sales tax holiday ended, making this year’s comparisons look softer. 
  • Cooling consumer prices: Excluding indirect taxes, the Consumer Price Index rose a modest 1.9% year over year.
  • Stable core inflation: Economists note that steady core inflation gives the Bank of Canada more room to ease concerns about energy-driven price pressures. 

What This Means for Canadians

With inflation dipping below 2%, households may feel some relief from rising costs, though the full impact will depend on how quickly price moderation spreads across categories like food, housing, and services. The Bank of Canada’s upcoming interest rate decisions will likely reflect this new data, potentially shifting toward a more accommodative stance if the trend continues.


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