How Canadians Are Fighting Back Against U.S. Tariffs
As the trade war heats up, Canada has imposed 25% retaliatory tariffs on billions of dollars of U.S. goods. Here are all the other ways Canada is fighting back:
Dramatically paring back supply of fictional girlfriends
Going shelf to shelf to boo imported American groceries
Selling us syrup from their worst-tasting maple trees
Aiming all snowblowers in direction of U.S. border
Raising legal drinking age to 37 for American tourists
Whittling their own Big Macs
Boycotting Canadian vacation hubs like Oshkosh and Duluth
Activating Dan Aykroyd
Not letting in any draft dodgers next year
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
an hour ago
- Miami Herald
Dave Ramsey warns Americans on 401(k)s, stocks
With uncertainty surrounding stock market volatility and the possibility of a recession, many American workers are concerned about managing their everyday expenses - paying mortgages or rent, keeping up with rising grocery and fuel costs, and handling other financial obligations. While addressing these immediate financial pressures, they also prioritize long-term stability by investing in 401(k) plans and IRAs (Individual Retirement Accounts), aiming to secure their retirement and navigate the unpredictable economic landscape. Dave Ramsey, the personal finance bestselling author and radio host, warns Americans about the challenges of saving for retirement, investing in stocks and 401(k) plans, and building wealth amid market instability. Related: Dave Ramsey sounds alarm for Americans on Social Security Enrolling in an employer-sponsored 401(k) plan remains a reliable method for growing retirement savings, particularly when companies offer matching contributions to enhance employees' investments. With automatic payroll deductions, this approach ensures consistent savings with minimal effort, making it both convenient and effective. In 2025, the maximum contribution limit for 401(k) plans has risen to $23,500, up from $23,000 in 2024. Employees between the ages of 60 and 63 can benefit from higher catch-up contribution limits of $11,250, while those aged 50 to 59 have a cap of $7,500. Ramsey outlines a few more vital facts about 401(k) plans and stocks that U.S. workers would be wise to consider. When people are at the beginning of the process of participating in their employer's 401(k) plan, Ramsey explains, they are often presented with options that are difficult for an investing novice to understand, such as vesting, equities, risk choices and beneficiaries. Ramsey shares a warning about the importance of being sure some basic 401(k) plan setup options are understood. "Your ability to retire someday depends on you getting it right today," Ramsey wrote. "But how can you make such major, long-term decisions when you don't even understand what the choices are?" More on retirement: Dave Ramsey sounds alarm for Americans on Social SecurityScott Galloway warns Americans on 401(k), US economy threatShark Tank's Kevin O'Leary has message on Social Security, 401(k)s Ramsey explains his view on the very first place to start: A company's plan document. This document provides essential details about a company's retirement plan, including employer matching contributions and the vesting schedule. A vesting schedule determines when the money an employer adds to an employee's 401(k) becomes fully theirs, Ramsey clarified. The funds contributed, along with any investment gains, are always the employee's property, but many employers require a certain period of service before their contributions are entirely vested. If one's 401(k) includes an employer match, that's a valuable benefit to accelerate retirement savings. Once a person is financially stable - debt-free with an emergency fund, as Ramsey describes it - one should invest enough to get the full match. Some plans allow people to select investments for matched funds, while others offer company stock. Related: Dave Ramsey sends strong message to Americans on 401(k)s Mutual funds pool money from multiple investors to buy a diversified portfolio of stocks, bonds, or other securities. Experts manage these funds to help grow the money while reducing risk. Ramsey cautions against target date funds, which many company retirement plans heavily promote. These funds adjust their investment mix based on an individual's expected retirement date, starting with a balanced allocation of growth stock mutual funds. However, as retirement nears, the portfolio shifts toward more conservative investments. Ramsey advises against relying on these funds because, by the time retirement arrives, most of the 401(k) assets will be placed in bonds and money market accounts. These conservative investments may not generate the growth required to sustain retirees through three decades or more of financial needs. Instead, he encourages a strategy focused on maintaining strong investment growth, ensuring long-term financial stability throughout retirement. If a person works for a publicly traded company, it may offer employees the chance to invest in its own stock, a choice about which Ramsey advises caution. Employees may have the option to buy shares, sometimes through an Employee Stock Purchase Plan (ESPP), offered either upon hiring or after a certain period of employment. These plans often allow workers to acquire company stock at a discounted price through payroll deductions. While a discount on stock might seem appealing, Ramsey warns against relying on it for retirement savings. He emphasizes that company stock and ESPPs involve single stocks, which can be risky. His approach is to avoid investing in individual stocks for long-term financial security, instead advocating for diversified investments that reduce risk and provide steadier growth over time. "Putting all your eggs in one basket when it comes to the stock market is risky, even if that basket is the shiny new company you work for," Ramsey wrote. Related: Dave Ramsey warns Americans on Social Security The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
New York Post
an hour ago
- New York Post
Long Island town holds ‘Save the Chiefs' rally in defiance of state ban on mascot
It's the most important pep rally on Long Island. The town of Massapequa is pulling out all the stops to preserve its Chiefs team nickname — with the backing of President Trump and Secretary of Education Linda McMahon — including holding a festival Saturday at the high school's parking lot to fundraise for a homegrown legal battle against the state and its 2023 ban on Native American team names and logos. 'The kids identify with the Chiefs — we all do as a community,' proud Massapequa mom Tara Tarasi, who started a foundation to finance the years-long court fight and sells 'Save the Chiefs' shirts, told The Post. 'This whole town, street names, everywhere you go, is related to something Native American,' added Tarasi, whose four boys are proud to have worn the logo. 4 Kerry Wachter, president of the school board, poses outside Massapequa High School holding a T-shirt featuring the school's Native American mascot and an American flag on the front, and the phrase 'Long Live the Massapequa Chiefs' on the back, along with a quote attributed to former President Donald Trump from a visit to Long Island. Kevin C Downs forThe New York Post 4 Lori Triail, Connie Versichelli, Julia Catoggio, Eileen Trainor, and Delores Hurst came out to show support for Massapequa High School, where they graduated in the early 1960s, amid efforts to preserve the school's Native American mascot. Kevin C Downs forThe New York Post The demonstration — drivers passed by honking loudly in support — comes on the heels of McMahon's recent visit to Massapequa High School, where she warned the state to drop the ban or face the wrath of the Justice Department. 'That's how serious we are about it,' she said in the school gym. 'You've got the Huguenots, we've got the Highlanders, we've got the Scotsman. Why is that not considered in any way racist?' After McMahon's commentary and Massapequa's amended lawsuit, which called the state's actions discriminatory for applying solely to Native Americans, New York threatened Thursday to broaden its ban to all different ethnic team names the department finds offensive, such as the nearby Seaford Vikings, prospectively. 'That's their workaround … we've demonstrated that this regulation was not a good idea,' Massapequa School Board President Kerry Wachter told The Post at the rally. 4 Tim Ryan, Stacey Roy, Linda Rowse, Janice Talento, Oyster Bay Town Supervisor Joe Saladino, School Board President Kerry Wachter, and School Board Vice President Jeanine Caramore pose for a photo outside Massapequa High School during the rally. Kevin C Downs forThe New York Post In Massapequa, a forced rebranding would run the district about $1 million, Wachter claimed. 'Now you're wanting to put another unfunded mandate on top of all these districts who are just barely making it, just to not give Massapequa the win?' Once a Chief, always a Chief The issue hit home for Dolores Hurst, class of 1961, who came out with her fellow alumnae in their golden years to root on the Chiefs Saturday afternoon. 'Hopefully, we'll be Chiefs now and forever,' Hurst, whose husband and father were fire chiefs in the volunteer Massapequa Fire Department, said. 'It has meant so much to this town for decades since the 1950s.' Now 81, Hurst called it an 'astonishing' double standard for the state to try to remove the term from schools, considering it's present in so many other official capacities. President Trump's intervention — his now locally famous 'LONG LIVE THE MASSAPEQUA CHIEFS!' quote was also sold on shirts Saturday — became 'more than we could have expected, but it's what we needed,' Hurst said. Andy Kuzma, 73, dressed up as Uncle Sam out of love for the town — and disdain for the state's bureaucrats for attempting to get rid of the team name. 4 The Massapequa Chiefs logo is seen in the school gym during a press conference and visit with U.S. Secretary of Education Linda McMahon at Massapequa High School in Massapequa, N.Y. on Friday, May 30, 2025. Heather Khalifa for the NY Post 'This is all BS,' Kuzma, of nearby Levittown, said. 'Massapequa shouldn't have to spend a penny … I've never seen somebody in town be derogatory with it.' Rather than erasing local roots, Tarasi is also using her foundation to try introducing additional Native American programming in the school system — allowing students to further learn about the town's origins. 'They want to understand and actually feel connected,' she said. 'Just getting rid of one piece of it in the school district is not going to get rid of the whole meaning behind the town.' And, for Wachter, she only cares that the tradition remains — even if it costs her job. 'We want to preserve this identity, we want to preserve the Chiefs,' she said. 'If we have to sacrifice our seats to do it, we will do it.'
Yahoo
2 hours ago
- Yahoo
From lottery tickets to life insurance: Here are 6 ‘bad assets' that could cause you to retire poor in America
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. You probably know the importance of retiring with a hefty, well-diversified portfolio of assets. But what if some of your assets are actually hidden liabilities? Here are the top seven tempting but deceptive money drains that you could trap yourself in before retirement. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) If you're financially secure, splurging on your 'dream car' can be the ultimate temptation. But the average new car loses roughly 30% of its value within the first two years alone, according to Kelley Blue Book. New cars also often have higher insurance premiums compared to used cars. The depreciation rate slows down after those initial years, which means buying a modestly used car at an affordable price is a better way to secure your financial future. Plus, you can benefit from a lower insurance bill. According to a MarketWatch study, full-coverage insurance on new cars averages $168 per month, while used car owners typically pay $150 monthly. That means new car owners pay an extra $216 a year. You can lower your insurance premiums further by shopping around and comparing rates from leading providers through OfficialCarInsurance. Simply answer some basic questions about yourself, your driving history and the type of vehicle you drive then OfficialCarInsurance will show you rates from reputable insurance providers like GEICO, Allstate and Progressive. The best part? The process is completely free and won't affect your credit score. Get started and find rates as low as $29 per month. Buying a timeshare in Cabo Verde and spending your retirement on a beach is undoubtedly attractive, but there are caveats. Timeshare ownership involves steep initial costs, recurring maintenance fees, low resale potential and rigid usage schedules. On top of that, the secondary market is notoriously poor, and many owners struggle to exit their agreements. Instead of locking yourself into a timeshare, consider creating an annual travel fund for vacation rentals in your retirement plan. One option is opening a high-yield savings account. These plans can offer up to 10 times the national APY of 0.41%. There is a market for luxury collectibles such as vintage cars, designer handbags and luxury watches, but that doesn't mean a Rolex deserves a spot in your retirement portfolio. Collectors of all kinds can be fickle. What's considered valuable today may not be worth as much by the time you retire. Diamonds, for instance, were a popular collectible, but prices have declined by 26% in just the last two years, according to The Guardian. With that in mind, it might pay to avoid the glamorous and focus on safer investments like corporate bonds or dividend stocks. Investing small sums consistently can be rewarding, thanks to the benefits of compounding interest. For instance, investing $30 each week for a period of 20 years can add up to over $76,000, assuming it compounds at 8% annually. Read more: Rich, young Americans are ditching the stormy stock market — Buying lottery tickets or going all in on a new cryptocurrency is rarely a good idea, regardless of your age. But the risks are magnified when you're older and approaching the end of your career. Instead of indulging in wishful thinking that a meme-coin or random penny stock is going to make you rich overnight, consider the safer path to retirement. Focus on assets that are relatively stable and can act as a hedge against inflation, like gold. A gold IRA can be a valuable tool — it combines the inflation-resistant properties of the precious metal with the tax advantages of an IRA. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties. To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases. Rental income from a robust portfolio of real estate is a great way to enhance your passive income in retirement. But if you're on a fixed income, you should recognize the fact that your capacity for risk is much lower. As a retired landlord, you can't afford a sudden housing market crash or interest rate volatility. One option to make your dollars stretch is to consider tapping into the $36 trillion U.S. home equity market by investing in home equity agreements (HEAs). Homeshares allows accredited investors to gain direct exposure to hundreds of owner-occupied homes in top cities across the country through their U.S. Home Equity Fund. This approach enables investors to unlock lucrative real estate opportunities without the headaches of buying, owning or managing properties. With risk-adjusted target returns ranging from 14% to 17%, the Homeshares U.S. Home Equity fund offers accredited investors a low-maintenance alternative to traditional property ownership. Despite what salesmen might say, whole life insurance isn't always the ideal retirement vehicle. These plans can usually be more expensive than term life insurance, and you have limited control over how the capital is invested. Instead, you could consider term life insurance that protects your loved ones if the worst comes to pass. With Ethos Insurance you can sign up and get instant life insurance without any medical exams or blood tests. The process takes just 10 minutes, and you can get up to $3 million in coverage starting at just $2 per day. Ethos has a 30-day free look period with a money-back guarantee, meaning you can get a full refund if you aren't satisfied. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
