Canada-U.S. Trade War: The tariff fight keeps tightening: Ottawa is set to start dollar-for-dollar counter-tariffs Sept. 8, while U.S. Treasury Secretary Scott Bessent says the U.S. isn’t “at war” with Canada despite the escalation. Auto & Manufacturing Pressure: Analysts warn Toyota and Honda could be hit hardest as supply chains get pulled into the cross-border tariff spotlight, and Michigan exporters face up to 50% Canadian retaliation on metals and related goods. Bank of Canada Watch: Markets expect a rate hold, but the central bank is juggling trade-war slowdown risk against energy-driven inflation. Great Lakes Naming Row: “Lake America” briefly appeared on some Canadian sites’ maps via a third-party mapping label, then reverted—fueling more political heat. Retail Response: Canadian grocers are doubling down on “buy Canadian” signage and clearer country-of-origin labels as tariffs reshape what shoppers see. Business & Policy Updates: Canada hikes study-permit proof-of-funds requirements from Sept. 1, and the CDA-AMC gave a final positive reimbursement recommendation for LEQEMBI for early Alzheimer’s. Energy & Agriculture: CN Rail says grain shipments are running strong into the new crop year, while oil prices jump after U.S. strikes near the Strait of Hormuz.