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5 Things to Know Today: U.S. Alcohol Ban, GDP Day, 5.25% Yields (Sept 29)

  Tuesday September 29, 2026 A U.S. import ban on Canadian booze kicks in, Statistics Canada reports July GDP, and U.S. bond yields sit at levels not seen since 2007. Here are the five things that matter for your wallet today. 1 The U.S. ban on Canadian alcohol takes effect today As of 12:01 a.m. ET, the U.S. is refusing entry to many Canadian beer, wine, cider and spirits shipments, along with whey products, molasses and larger motorcycles. The measures were signed Sept. 8 and largely replace the 50% tariffs that applied to these goods. Bottles already in the U.S. can still be sold, and product shipped in bulk to be bottled south of the border appears to fall outside the ban. Canadian producers say pivoting to domestic sales won't be easy, because a patchwork of provincial rules complicates selling across borders. What it means for you: The ban hits exports, not what you pay at the store. The exposure is for people who work in or own shares of brewers, distillers and wineries, a...
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Hot, Humid Air Fuels Thunderstorm Risk in Southern Ontario

 

As the intense heat and humidity persist, southern Ontario remains under the threat of thunderstorms. High temperatures and moisture create favorable conditions for storm development, with the risk extending into the weekend.

Heat and Humidity: Key Drivers

  • Heat Dome: The Great Lakes region is currently enveloped by a heat dome, amplifying the risk of thunderstorms.
  • Unstable Atmosphere: Thursday will see an unstable atmosphere, allowing for additional thunderstorm activity.
  • Uneven Heating: Pockets of uneven heating throughout the day, along with convergence, will determine localized storm activity.

Potential Impacts

  • Severe Storms: Some thunderstorms could become severe due to torrential rainfall and locally gusty winds.
  • Heavy Rainfall: Ample moisture in the atmosphere means heavy rain, especially if storms linger over the same location.
  • Localized Flooding: Urban areas are at risk of flash flooding as storms move slowly across.

Stay Prepared

  • Widespread Heat Warnings: Temperatures soar into the 30s, feeling even hotter with the humidex.
  • Evening and Overnight Storms: Another round of thunderstorm activity is possible during these hours.


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