Ian Lee, as Canada’s counter-tariffs hit: this isn’t a mood. It’s jobs.~45,000 Canadian firms export to the U.S.; 30,000 export only there. $400B in sales, ~2 million jobs. “We are literally playing with fire.” Sales collapse → “You lay off workers.” Ottawa can’t put them all on… pic.twitter.com/DumNBfXbYZ
— cbcwatcher (@cbcwatcher) September 8, 2026
Carney's Counter-Tariffs Are Worded Carefully To Make Sure They Don't Apply
— Canada Proud (@WeAreCanProud) September 8, 2026
Mark Carney's counter-tariffs go into effect today, but what industries are really impacted?
A list uploaded by the Canadian government lists 648 different categories of products that are subject to… pic.twitter.com/NN2Igieahx
On the same day Canadian tariffs on $28 billion worth of U.S. imports came into effect, Prime Minister Mark Carney said he doesn’t believe in escalating the trade conflict.
“That’s not constructive,” said Carney, during a video address released on Tuesday. “But our tariffs are necessary protect our workers, protect our companies, and our communities.”
(Sidebar: ... says the guy who walked out on the deal.)
Carney said his government can’t allow American goods into Canada tariff-free, while the U.S. charges Canadian companies to export.
Canada’s latest round of tariffs against the U.S. is in response to U.S. President Donald Trump’s 50 per-cent tariff on $28 billion worth of Canadian goods under Section 338 of the Tariff Act of 1930. Trump slapped Canada with the new tariffs after trade talks between Canada and the U.S. broke down on Aug. 21.
Carney announced a pause in negotiations last month and said several last-minute conditions in the draft text of an agreement made a deal with the U.S. untenable.
“We worked in good faith to reach a fair deal, but since a fair deal wasn’t on the table, we made the right choice to walk away from a bad one,” Carney said Tuesday.
Since trade talks were paused, there has been no communication between negotiators on both sides. The U.S. administration has vowed to respond to Canada’s latest round of tariffs. Over the weekend, Trump took to TruthSocial where he attacked aircraft maker Bombardier and posted a photo of the North American continent covered in an American flag.
Trump also took issue with the exchange rate and the value of the Canadian dollar. He called the loonie’s “imbalance” with the U.S. dollar “unacceptable.”
Carney in his address warned that the trade conflict with the U.S. will come at a cost.
“There’s always a cost to action, but it doesn’t come close to the cost of standing still,” he said. “This is about who we are as Canadians. It’s about our livelihoods and the country we leave to our kids.”
“No more selling Bombardier in the United States!” the president posted on his Truth Social page Monday just hours before the looming midnight trade deadline. “Their products aren’t good enough! Over 50 per cent of their revenue comes from the United States — they live off American buyers, American companies, American airports, and American service — all while Canada blocks our GREAT American Banks, and companies, throughout the U.S.A.”
**
The Japanese brewer, which makes the top-selling Asian beer in the U.S., is also considering adding manufacturing capacity on the West Coast as it seeks to expand its flagship brand in one of its biggest overseas markets, Chief Strategy Officer Rieko Shofu said in an interview.
U.S. President Donald Trump’s levies on beer made in Canada are the latest twist for the Japanese brewer. The production shift plans are part of a broader revamp following years of acquisitions that failed to deliver sufficient returns. The company sold Stone Brewing in 2022 and liquidated Anchor Brewing in 2023.
“Tariffs are something out of our control,” Shofu said. “We’re going to move ahead with local production.”
Canadian households are cracking under the pressure of supersized debt loads. New data from TransUnion shows household debt hit $2.64 trillion in Q2 2026, up 4.6% from last year. The credit agency warns this growth is driven by rising balances, not new loans. Rising risk has already become apparent in soaring insolvencies and mortgage delinquencies. …
Canada’s job boom suffered a setback last month, shedding 41,700 jobs in August. It’s a sharp drop, but employment is still up 216,500 jobs from last year. While the headline data isn’t concerning, there’s a real problem emerging—job permanence. Most (51%) of jobs added in the past year are temporary roles, despite making up just 13.5% of total employment. It’s a strong warning that the recent growth may be fleeting in the face of a serious economic shock. …
Canada’s central bank held its key policy rate steady at 2.25%, where it’s sat for over ten months. A move that would normally suggest Stability, but the Bank of Canada’s (BoC) statement didn’t play up that angle. Instead, the bank’s focus is locked on the inflationary factors that are emerging. Strong GDP, sticky CPI, and tariffs are combining to push inflationary risks to the upside. Even as the latter simultaneously threatens to kill economic growth. …
Canadian businesses are optimistic, but it’s not easy to figure out why. Statistics Canada data shows 72.6% are optimistic about the next 12 months, up 5.8 points from last quarter. At the same time, they also found that most (68.1%) expect sales to stagnate, and 59.8% see cost-related obstacles. The most commonly cited concern is inflation (41.6%), and tariffs are only one of the fears driving costs up.
Canadians are increasingly financing daily expenses through instalment loans as food prices continue to strain household budgets, according to a new report.
Data from Toronto-based fintech Koho Financial Inc. released Tuesday showed that use of its buy now, pay later financing option surged 109 per cent over the past year, growing from 0.8 per cent of users in May, 2025, to 1.71 per cent in May of this year. For perspective, Koho has more than 2.5 million customers across Canada.
The initial spike coincided with the holiday grocery shopping season and has remained strong well into 2026, the report said.
“People are trying to find a bunch of different ways to figure out how to make their budget stretch,” said Faye Lucas, head of consumer trust at Koho.
Spending on food rose about 5 per cent year-over-year per user to $275 a month in May, the report found. Shoppers made more frequent grocery runs and spent more on each trip, even while seeking out discount retailers. Food delivery purchases grew by 9 per cent.
The report’s findings are based on spending and financial behaviour data from more than 173,000 Koho customers between May, 2025, and May, 2026.
Buy-now-pay-later financing allows shoppers to split purchases into two, four or more instalment payments over several weeks, and usually without interest until a late payment. Koho lets users split purchases retroactively, charging an upfront fee as well as a $15 charge once a month in the case of late payment.
The report’s findings come as Canadians continue to grapple with food price spikes that have outpaced general inflation for more than a year. In May, rising grocery costs exceeded the overall growth in prices for the 16th month in a row, according to Statistics Canada data.
In 2025 the average Canadian family earned $121,111 and paid $50,721 in tax, 41.9% of income. Food, shelter and clothing combined took 36%. In 1961 it was the reverse. The bill keeps climbing and nobody in Ottawa can justify the increase. https://t.co/LBrC4xdh1N
— Shane Wenzel (@ShaneWenzel) September 7, 2026
The average Canadian home costs roughly 15× the average individual income.
— wealthmoose (@wealthmoose) September 6, 2026
In the United States, it’s closer to 8×.
Same continent. Nearly twice the burden.
Canada’s housing crisis doesn’t need another explanation.
The numbers are the explanation. pic.twitter.com/sMjvvucjnw
You didn't think this though, did you, Canada?:
While Canadians remain broadly supportive of “holding firm” in a trade war with the United States, a new poll finds that this support drops off a cliff the moment Canadians are asked to pay for it.
The survey conducted by the think tank Build Canada found a clear majority said they would not support any trade strategy that threatened their retirement savings, risked the job of someone close to them, or incurred even a moderate increase to their taxes.
Where is your national pride in this reflexive retaliatory action?
**
There is nothing more annoying than a Canadian mass hysteria event.
— CedarGroveWeatherHub (@CGWeatherHub) September 5, 2026
The same people who supported this garbage 5 years ago are - right now - peering at labels on their apples to make sure they aren't buying wrongapples.
This country is full of morons.
They behave exactly how… pic.twitter.com/HSHoOs0fjQ
When the Government who taxes you endlessly on everything wants you to thank them for temporarily removing just one of their many taxes there’s a problem.
— Ryan Gerritsen🇨🇦🇳🇱 (@ryangerritsen) September 6, 2026
And the gall of this man to post a video of himself at a gas station like he ever visits one himself shows how out of touch… pic.twitter.com/9Ok4WjOAnB
There’s a reason why observers call the ten years this country was led by former prime minister Justin Trudeau the “lost decade.” His tenure as PM is littered with failed experiments that haunt us today.
Prior to becoming prime minister in 2015, Trudeau airily proclaimed “the budget would balance itself.” Instead, his government racked up soaring deficits with lavish programs that pushed this country massively into debt.
His heavy-handed implementation of the Emergencies Act in 2022 was ruled unlawful by a Federal court, a decision subsequently upheld in a unanimous decision by the Federal Court of Appeal.
His government’s failure to effectively address anti-semitism in the wake of the Oct. 7, 2023 Hamas attacks on Israel was also troubling.
But his policies around immigration are the ones that have caused the most long-lasting grief. Prior to his ham-fisted implementation of new policies, this country had a sensible and well-controlled approach to immigration. Then Trudeau opened the floodgates.
He ramped up immigration to levels never seen before in this country. By 2025, half a million newcomers a year were arriving, creating a housing crisis and putting unprecedented pressure on our healthcare system and other social services.
Finally, in 2024 he admitted what most sensible people were saying: “We didn’t get the balance quite right.”
The massive increase was caused mostly by the temporary workers program and student visas. Prime Minister Mark Carney has now slowed that down by 70% over the 2024 number.
Our healthcare system is creaking under Trudeau’s mistakes. According to the Parliamentary Budget Officer (PBO) the cost of the Interim Federal Health Program (IFHP) soared from $210 million a year in 2021-2022 to $896 million in 2024-25.
The program was supposed to provide temporary health care to refugees and asylum seekers. Instead, it became an entrenched hand-out. The PBO reported the average duration of the coverage for the fiscal year 2024-25 was four years. It was reported 74,000 failed asylum claimants are accessing the program instead of being deported.
Carney announced cuts to the program earlier this year, then later walked them back.
Immigration to this country is an honour and a privilege. You come here, work hard and give back. You don’t take advantage of the country that opened its arms to you.
@StephenLeDrew ran the Liberal Party. Now he is saying out loud what Ottawa pretends is a conspiracy theory.
— JayGen 𝕏 er🇨🇦 (@JayGenXer) September 5, 2026
We do not have a parliamentary democracy. We have a Prime Minister’s Office. Carney answers to that office. Not to the House. Not to the people paying the bill.
That is… pic.twitter.com/UIgS5KMAc7
Carney’s carbon tax is working! Imagine if we increased it, how colder it would be! https://t.co/NA9w9b8W6x
— Martin Pelletier (@MPelletierCIO) September 6, 2026