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Trump Threatens New 50% Auto Tariffs on Canada as Loonie Slides and Gold Hits a Record

Tuesday, August 25, 2026   Canadian markets head into Tuesday with a fresh trade shock to digest. President Trump said Monday he'd raise tariffs on Canadian automobiles, auto parts and steel to 50% starting January 1, 2027, posting on Truth Social that "Canada will be treated like a State no longer!" — a sharp escalation just two days after the existing 50% tariffs on roughly $28 billion of other Canadian goods took effect. The threat came even as Canadian Prime Minister Mark Carney's promised retaliatory tariffs, set to begin September 8, remain on the calendar. The loonie took the hit directly, sliding to 72.24–72.27 US cents (about 1.383–1.385 USD/CAD) Monday, down roughly half a cent from Friday's 72.67 cents and pulling well off last week's multi-week high. The TSX, by contrast, still closed higher, propped up by a record-setting rally in gold. Wall Street was more mixed, with chip stocks dragging the S&P 500 and Nasdaq lower even as the Dow eked o...
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New Year's traditions: How do people celebrate the new year around the world?

 New Year’s Eve and New Year’s Day are celebrated in various ways around the world. Here are some interesting traditions:

  • In Spain, it is customary to eat 12 grapes at midnight, one for each stroke of the clock, to bring good luck for the coming year.
  • In Scotland, the New Year is celebrated with a festival called Hogmanay. People swing giant fireballs on poles and parade through the streets.
  • In Denmark, people throw plates and glasses against their friends’ and neighbors’ front doors to banish bad spirits and bring good luck.
  • In Ecuador, it is tradition to burn effigies of famous people to destroy bad “juju” from the past year and start fresh.
  • In Thailand, it was once tradition to fire guns to frighten off demons.
  • In China, firecrackers are used to rout the forces of darkness.
  • In the United States, many people watch the ball drop in New York’s Times Square to ring in the new year.
  • In Canada, people often gather with friends and family to enjoy a feast and watch fireworks displays.
  • In Japan, people celebrate the new year with a traditional meal called “osechi ryori” and visit temples and shrines to pray for good fortune.

These are just a few examples of how people around the world celebrate the new year. Happy New Year! 

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