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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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France Bolsters Mediterranean Presence Amid Rising Regional Tensions

 

French President Emmanuel Macron delivers a speech next to the submarine 'Le Temeraire' (The Temerarious) at the nuclear submarines Navy base Ile Longue.


A French frigate is set to arrive in Cypriot waters as President Emmanuel Macron orders the deployment of the aircraft carrier Charles de Gaulle to the Eastern Mediterranean. The move comes in response to heightened regional instability following a drone strike on Cyprus attributed to Iranian-made technology. 

Macron confirmed that the frigate Languedoc would reach Cyprus imminently, serving as a deterrent after the recent attack. He also announced that the Charles de Gaulle and its accompanying strike group would be dispatched to reinforce security and support regional partners. 

In a televised address, Macron emphasized France’s commitment to strengthening air defense capabilities in Cyprus and safeguarding maritime routes amid escalating tensions linked to the broader Middle East conflict. The deployment underscores France’s growing role in regional security as concerns mount over potential spillover effects across Europe.

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