Skip to main content

Featured

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...

article

Rising Tensions as U.S. Threatens Expanded Strikes on Iranian Infrastructure

 

Smoke rises following a reported strike, as burning debris litters the surrounding area, amid the U.S.-Israeli conflict with Iran, in Baharestan, Isfahan province, Iran in this screengrab taken from a social media video released on April 1, 2026.


The United States has intensified its warnings toward Iran, signaling readiness to escalate attacks on key infrastructure as global powers work urgently to reopen the vital Strait of Hormuz. President Donald Trump stated that the U.S. military “hasn’t even started destroying what’s left in Iran,” emphasizing that bridges and electric power plants could be next targets. 

Nearly five weeks into the conflict, the U.S.-Israeli aerial campaign has already damaged critical sites, including the newly built B1 bridge near Karaj, where eight people were killed and 95 injured, according to Iranian state media. Iran has condemned the strikes on civilian structures, arguing they will not force surrender. 

Satellite imagery has shown smoke rising from Qeshm Island, a strategic point in the Strait of Hormuz, while Iran and its allies have continued retaliatory attacks across the Gulf region. Kuwait reported drone strikes on its Mina al-Ahmadi refinery, and Saudi Arabia intercepted multiple drones in recent hours. 

As dozens of nations push to restore energy shipments through the narrow waterway—through which a fifth of global oil typically flows—concerns are mounting over the conflict’s economic and humanitarian fallout. International law experts have also raised alarms about potential U.S. violations of human rights and humanitarian law amid the widening scope of the strikes. 

Comments