Commodities Market

September 8, 2026

Information

Canada Hits US With Tariffs Of Up To 50%

Canada has imposed tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Carney’s government increased the import tax on many US steel items to 50% from 25%, and applied tariffs to a range of consumer goods including motorcycles, cosmetics and cheese. The measure will hit US exporters particularly hard in states such as Michigan and Ohio that do a lot business with Canada and host heated races in November’s midterm elections. Our Trade Tsar Brendan Murray joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss. (Source: Bloomberg)

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Brent Oil Climbs Toward $100 With Hormuz Constrained

Brent oil approached $100 a barrel after Saudi Arabia said operations at several energy facilities in the kingdom’s south were halted by attacks. Oil trader Vitol Group estimated that oil flows through the Strait of Hormuz are about half of pre-war levels, but added that an exact figure is hard to quantify. Bloomberg’s Will Kennedy has the latest. (Source: Bloomberg)

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