LexRegPulse Daily - Aug 22, 2026
Alex here. This is LexRegPulse Daily for Saturday, August 22.
The US–Canada trade framework collapsed just before midnight Friday. Fifty percent tariffs on roughly 20 billion dollars of Canadian goods took effect early Saturday. Prime Minister Mark Carney says Canada will retaliate dollar for dollar. The US Trade Representative says Canada walked away from terms agreed earlier in the week, forfeiting tariff cuts on steel, aluminum, autos, and lumber, plus new USMCA talks. Wednesday's three-day pause is now a tariff regime, and Monday's open is the first real test.
For banks, this is a…
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