The Daily

TORONTO (AP) — The United States sharply escalated its trade war with Canada on Tuesday, banning some Canadian dairy products and motorcycles as well as most alcoholic beverages after retaliatory Canadian tariffs took effect on about $20 billion in U.S. goods.

U.S. President Donald Trump also moved to shut Canadian products out of large,

 » Read more about: Trump widens trade war with Canada beyond tariffs. Here’s what to know  »

Across the United States, millions of Social Security beneficiaries are to receive their latest monthly payment today, as the Social Security Administration (SSA) kicks off its three-Wednesdays distribution cycle for September 2026.

Who receives Social Security today, Wednesday, September 9?

Of the 71 million recipients of Social Security in the U.S.,

 » Read more about: Social Security is being paid out on Wednesday, September 9: who gets benefits today?  »

Last week, the Federal Reserve got one big reason to consider an interest rate hike at its September meeting. This week could give it one more.

The August non-farm payroll report showed that the U.S. economy added 162,000 jobs. This was sharply higher than the upwardly revised 21,000-job gain in July and nearly triple its forecast number.

 » Read more about: The Fed Just Got 1 Big Reason to Raise Rates. This Week Could Deliver Another.  »

Topline

The White House announced a ban on the imports of some dairy, alcohol and other products from Canada on Tuesday night, escalating a trade war against the neighboring country after it imposed retaliatory tariffs on U.S. goods worth $20 billion in response to a 50% levy on a range of goods imposed by President Donald Trump earlier.

 » Read more about: White House Bans Some Canadian Dairy And Alcohol Imports, Escalating Trade War  »

The tech stocks are under huge selling pressure today. The Nifty IT Index is down 3% with big names like Infosys seeing as much as 4% cut in intra-day trade. The Nifty IT Index has slumped to nearly 1-month lows. Counters like TCS, Tech Mahindra, Wipro  and HCLTech have cracked 2-3%.

 » Read more about: Why are tech stocks falling today: Nifty IT cracks 3% on US yields, H-1B visa fees, AI risks  »

A supply crunch is pushing India-listed global ETFs far above their underlying value, with analysts warning investors against paying steep premiums for international exposure.

 » Read more about: Is global diversification getting expensive? ETFs trade at up to 65% premium to iNAV  »

India is ramping up scrutiny of Wall Street traders with the nation’s securities regulator turning more aggressive in targeting even prominent foreign players like JPMorgan Chase & Co. in its $5 trillion stock market.

That push has been on display in recent days as the Securities and Exchange Board of India accused a Mauritius-based JPMorgan unit of executing manipulative stock trades.

 » Read more about: JPMorgan probe shows India scrutinising Wall Street  »

TEMPO.CO, Jakarta – The shock was barely felt in Indonesia. Yet global financial markets, particularly government bonds in advanced economies, were convulsed last week. Bond prices fell sharply and yields surged as investors reassessed the outlook for interest rates.

Fortunately, the turbulence subsided quickly and the panic did not persist.

 » Read more about: The Return of High Interest Rates Looms  »

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Michael is a former senior editor of investing and trading products for …

 » Read more about: Best Options Trading Courses for September 2026  »

Goldman Sachs has issued a report suggesting that the U.S. Federal Reserve is no longer the primary driver of interest rate changes, with AI-related capital expenditures now playing a significant role in shaping monetary conditions. This perspective comes amid Goldman’s projections of U.S. AI investment reaching $581 billion by 2026, with global totals nearing $1 trillion.

 » Read more about: Goldman: AI spending overtakes Fed in shaping interest rates  »