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5 Things to Know Today — September 27, 2026

  Sunday, September 27, 2026  |  MoneySavings.ca A milestone in the Canada-US trade war hits at midnight, the Bank of Canada's rate decision is now a near-coin-flip, and Canada's economic pivot to China is showing real results. Here are the five things that matter for your wallet today. 01 OF 05 The US Alcohol Import Ban Takes Effect Tonight at Midnight At 12:01 a.m. Eastern tonight, the United States stops accepting new shipments of packaged Canadian beer, wine, cider, and spirits. The ban was signed by President Trump on September 8 under Section 338 of the Tariff Act of 1930, escalating the trade dispute beyond the 50% tariffs that took effect on August 22. Everything already on US store shelves stays there and can still be sold — the ban stops restocking, not consumption. Goods imported before tonight but not yet cleared through customs remain subject to the 50% duty rather than the ban. Bulk spirits shipped in containers over four litres are exempt; consumer-sized bo...

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History in the Making: Botswana Unearths 2,492-Carat Diamond

 

In a remarkable discovery, Botswana has unearthed the largest diamond found in over a century. The colossal 2,492-carat stone was recently revealed at a viewing ceremony in Gaborone, the country’s capital. This extraordinary find, weighing approximately half a kilogram, marks a historic moment for Botswana and the diamond industry.

The as-yet-unnamed diamond was presented to the world by Botswana’s President, Mokgweetsi Masisi. His awe-struck reaction—“It is overwhelming. I am lucky to have seen it in my time”—captures the significance of this remarkable gem. Senior government officials were equally amazed, gathering to take a closer look at the fist-sized wonder.

The diamond was recovered from the Karowe Mine in central Botswana by Lucara Diamond Corp., a Canadian mining company. Using advanced X-ray technology, Lucara identified this “exceptional” rough diamond, which remains intact and of high quality. While its value is yet to be determined, it already holds a place in history as the largest diamond found in 119 years.

For context, the famous Cullinan Diamond, discovered in South Africa in 1905, weighed 3,106 carats and was cut into gems that now adorn the British Crown Jewels. Botswana, known for its natural diamond production, continues to make headlines with its remarkable finds. As the second-biggest producer of natural diamonds globally, the country has consistently unearthed some of the world’s most significant stones. 

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