The Canadian alcohol import ban takes effect Sept. 29, alongside blocked motorcycles and whey, plus 50% tariffs on mattresses, lamps and motorboats from Sept. 15.
The Canadian dollar held firm near 1.3780 against the greenback as elevated crude prices offset new US restrictions on Canadian vehicle and dairy exports.
Polling on Canada-U.S. trade talks finds 73% of Canadians against difficult concessions, 62% approval for Carney, and a plurality willing to wait for U.S. midterms.
A new “Trump Bump” has pushed the Liberals to a 14-point vote intention lead over the Conservatives, 46% to 32%, as counter-tariffs take effect in Canada.
Big Six impaired loans reached $37.5 billion in Q2 2026, nearly tripling since 2022, though Morningstar DBRS says asset quality remains solid.
Scotiabank ROE reached 14.2% last quarter, clearing its 14% goal two years early, with Canadian banking above 19% and international banking pivoting to growth.
The Bank of Canada rate hold keeps the overnight rate at 2.25% for a seventh straight decision as tariffs and oil prices lift inflation risk.
The bank CEOs credit outlook stayed positive at the Scotiabank Financials Summit, even as Canada-U.S. tariffs escalated and TD set aside $500 million.
The new TIFF market gives buyers and sellers a formal trading floor in Toronto, backed by $23 million in public funding and a dedicated Canada Pavilion.
The EU-Canada trade and security pact is expected to be unveiled Sept. 16 in Strasbourg, with Prime Minister Mark Carney addressing EU lawmakers the next day.
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