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Trump’s Oct. 30 Tariff Swap: Who Wins, Who Loses, and What It Means for Your Wallet

  Canadian Money Brief • October 27, 2026 Washington just reshuffled the 50% tariffs on Canadian goods. Seaweed and packing boxes are out. Vinyl flooring, cocoa powder and shampoo are in. Here is who comes out ahead, who doesn't, and what to do with your money before the changes take effect on Oct. 30. The short version This is a reshuffle, not a rollback: more products are going onto the 50% list than coming off it, according to a KPMG Law trade lawyer. Politics is the driver. The exemptions followed U.S. Sen. Susan Collins' push, 10 days before the U.S. midterms. Canada's own counter-tariffs, which affect prices in your store, are not changing. A broad trade deal before the midterms looks unlikely. What's coming off, what's going on The White House changes take effect at the end of this month. Reports from CTV News and Money.ca describe the swap this way: Coming off the 50% list Going onto the 50% list Seaweed Packing boxes Some plywood sheets Certain paper and pl...
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Fed Rate Cut Looms as Job Market Cools Down


The U.S. stock market ended lower on Wednesday, as investors weighed the implications of a slowing job market for the Federal Reserve’s monetary policy. The S&P 500 index fell 0.3%, while the Dow Jones Industrial Average and the Nasdaq Composite dropped 0.4% and 0.2%, respectively.

The decline came after the release of fresh employment data that showed job openings in October fell to the lowest level since early 2021, indicating that the labor market was easing amid the pandemic. The number of hires also decreased, while the quits rate, a measure of workers’ confidence, remained unchanged at a record high.

The data reinforced the expectations that the Fed could start cutting interest rates as soon as March 2023, as inflation pressures ease and economic growth moderates. The Fed has signaled that it will end its bond-buying program by March and begin raising rates sometime next year, depending on the economic conditions.

Some analysts said that the lower stock prices reflected the uncertainty about the timing and pace of the Fed’s policy tightening, as well as the impact of the new coronavirus variant Omicron on the global economy. Others said that the market was due for a correction after reaching record highs in November.

Among the sectors, energy shares were the worst performers, as oil prices fell on the prospects of lower demand and higher supply. Megacaps such as Apple, Microsoft, Amazon, and Google also dragged the market lower, as investors rotated out of the high-growth stocks into more defensive sectors.

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