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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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Pressure Mounts on Canadian Prime Minister Trudeau Amid By-Election Defeat

 

Canadian Prime Minister Justin Trudeau is currently facing renewed pressure to step down as the leader of the Liberal Party. 

The recent by-election defeat in the Toronto-St. Paul’s riding has sparked calls for his resignation. Former Liberal minister Catherine McKenna has publicly stated that it’s time for the party to find a new leader, emphasizing the need for fresh ideas and energy. Despite this, Trudeau’s current ministers continue to stand by him, even as voters express discontent over housing and inflation.

Additionally, Liberal backbencher Wayne Long has sent an email to caucus calling for Trudeau’s resignation after the party’s loss in a traditionally Liberal riding. The situation remains tense, and Trudeau’s political future hangs in the balance. 

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