The Canadian Index

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Bar chart comparing the trade decline across categories named in the Section 338 tariff dispute, with alcohol falling hardest.

US alcohol imports from Canada collapsed 81% over the year to March 2026 after most provinces halted purchases of American liquor in retaliation for earlier US tariffs, the steepest decline among the categories named in Washington's Section 338 case. Canadian motor vehicle exports to the US fell about 22% over the same period, while Canada's overall goods exports to the US slipped just 5.8%. That gap between the two targeted categories and the broader trade relationship is the discrimination argument underpinning Friday's tariff deadline.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Line chart showing the Canadian dollar holding near 1.3880 per US dollar amid a Section 338 tariff pause in mid-August 2026.

The Canadian dollar held near 1.3880 against the US dollar this week after President Trump paused planned 50% tariffs on Canadian autos,…

The Certainty Effect Is Doing the Heavy Lifting in This Morning's Tariff Relief Rally

August 19, 2026

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Line chart showing USD/CAD declining 1.1 percent over two weeks heading into a tariff deadline.

USD/CAD fell more than one percent between August 9 and August 20, with the steepest decline coming in the three sessions framing a pause…

USD/CAD Falls 1.1% as Currency Markets Price a Tariff Deal

August 21, 2026

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Bar chart ranking Canada's top goods export categories by value, led by motor vehicles, against 556.6 billion dollars in total 2025 exports.

Canada exported $556.6 billion in goods in 2025, with motor vehicles ranking as the second-largest category and the largest of the three…

The Tariff Pause Is Not a Pause for Business Owner Clients With Cross-Border Supply Chains

August 19, 2026

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Line chart showing the TSX Composite falling then recovering around the Federal Reserve's September rate hike.

The Federal Reserve raised its policy rate for the first time since 2023 on September 16, moving to a 3.75 to 4.00 percent range under new Chair Kevin Warsh.

The Fed Just Hiked for the First Time Since 2023, and the TSX Barely Blinked

September 18, 2026

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Step chart showing the US federal funds rate rising to 4.00 percent after the Federal Reserve's September 2026 hike.

The Federal Reserve raised its policy rate a quarter point to a range of 3.75 to 4.00 percent, its first increase since 2023, and signalled at least one more hike this year.

The Fed's Hawkish Hike Broke the Loonie's Oil Shield the Same Day Ottawa Leaned on Europe

September 16, 2026

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Line chart showing the S&P/TSX Composite index easing the same day Canada and the European Union deepened trade ties.

The S&P/TSX Composite eased alongside US markets the same session the Federal Reserve raised its policy rate for the first time since 2023,…

The Fed's Hawkish Hike Broke the Loonie's Oil Shield the Same Day Ottawa Leaned on Europe

September 16, 2026

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