Canada News — August 19, 2026
Here are the biggest Canadian stories today:
🇨🇦 Canada–U.S. trade talks
The major story is the ongoing Canada–U.S. tariff dispute. President Donald Trump has delayed planned 50% tariffs on about $20 billion worth of Canadian goods for three days, giving negotiators more time to reach an agreement. Prime Minister Mark Carney says “substantial progress” has been made, but important issues remain unresolved.
💵 Canadian economy
Markets remain focused on the trade negotiations. The Canadian dollar had recently weakened as investors worried about the tariff deadline, highlighting how closely Canada’s economy is tied to the negotiations.
🛢️ Oil & energy
Canada’s major oil producers are targeting a late-2027 investment decision on a major carbon-capture project designed to reduce emissions from the oil sands. The project is also connected to broader plans to expand Canada’s energy-export infrastructure.
🚗 Electric vehicles
The federal government is moving toward repealing the current EV sales mandate, while changing the approach to encouraging electric-vehicle adoption.
🗳️ Federal politics
The Liberal government under Prime Minister Mark Carney continues to face a changing political landscape. A recent Abacus Data poll puts the Liberals seven points ahead nationally, although support varies significantly by province.
🔥 Wildfire season
Wildfires remain an important national concern. The Government of Canada continues to provide updates on the 2026 wildfire season, including the national response and conditions across the country.
Today’s biggest takeaway: 🇨🇦 Canada has gained a three-day reprieve from the proposed U.S. tariffs, but the next few days of trade negotiations could have major consequences for Canadian workers, businesses and consumers. Government of Canada — Latest News