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5 Things to Know Today: Tariff Deadline, Oil Jump, and a TSX Record — August 14, 2026

  August 14, 2026 It's a five-day countdown to the next U.S. tariff deadline, oil is climbing again, and the TSX just notched its fourth straight record close. Here's what's moving markets and what it means for your wallet today. 1. The Tariff Deadline Is Five Days Away Canada's trade minister Dominic LeBlanc and chief negotiator Janice Charette have been in Washington all week trying to lock in a deal before Wednesday, August 19 — the date the U.S. is set to slap a 50% tariff on nearly $20 billion worth of Canadian goods, from dairy to furniture to building materials. Unlike most other U.S. tariffs, this round wouldn't exempt goods that already qualify under CUSMA. A Canadian government source told Reuters this week that talks are "progressing well" and that Washington also wants a deal before the deadline — but nothing is signed yet, and businesses on both sides of the border are stuck in what one industry group called "watchful waiting." What ...
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Canada Loses Appeal of FIFA Penalty in Olympic Drone Spying Scandal

 


In a significant setback for Canadian soccer, the Court of Arbitration for Sport (CAS) has dismissed Canada’s appeal against a six-point deduction imposed by FIFA. This penalty stems from a drone-spying scandal during the Olympic women’s soccer tournament in Paris 2024.

The controversy began when New Zealand lodged a complaint, alleging that Canadian staff used drones to spy on their training sessions before their opening match. Following an investigation, FIFA docked Canada six points and imposed one-year bans on head coach Bev Priestman and officials Joseph Lombardi and Jasmine Mander.

Despite winning both of their games, the point deduction leaves Canada with zero points in the standings. The CAS ruling, delivered just hours before Canada’s crucial match against Colombia, means the team faces an uphill battle to advance to the quarterfinals.

The Canadian Olympic Committee and Canada Soccer argued that the penalty was disproportionate and unfairly punished the athletes, who were not involved in the alleged cheating. However, the CAS upheld FIFA’s decision, emphasizing the importance of maintaining the integrity of the sport.

This ruling has significant implications for Canada’s chances in the tournament and underscores the serious consequences of violating fair play principles in international sports.


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