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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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At a Topeka event, Zac Surritt of R&S Maintenance told Sen. Roger Marshall that Trump's tariffs had reduced global demand, squeezed margins and forced the company to delay expansion plans. Marshall said this experience was likely an anomaly, since most manufacturers he has spoken with are expanding, and argued that tariffs are helping Kansas manufacturing grow. Democratic challenger Adam Hamilton said business leaders need stability, criticized the 56 tariff changes made in the past year, and called on Congress to reassert its authority over tariffs. The Federal Reserve Bank of New York estimated that tariffs imposed in 2025 and 2026 added 2.9 percentage points to inflation across a basket of 67 consumer goods, while the Tax Foundation put the average cost at $820 per household in 2026.
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Alberta voters will cast ballots Monday on 10 referendum questions, including whether to hold a binding referendum on the province leaving Canada; the separation question will be counted first, with results expected early the next morning. Unifor, which represents more than 9,000 Stellantis workers, will release Monday the results of a weekend strike vote, calling a strike a last resort but saying a strike mandate would give its bargaining committee leverage. A major sticking point is the future of the Brampton, Ont., assembly plant, which Stellantis wants to sell to defence contractor Roshel. Statistics Canada will publish September inflation on Monday, following August's annual rate of three per cent, unchanged from July, while the Bank of Canada will release its business outlook and consumer expectations surveys ahead of its Oct. 28 rate decision. Rogers Communications will report third-quarter results Friday, having recently completed its purchase of the remaining 25 per cent stake in Maple Leaf Sports & Entertainment.
- Five things to watch for in the Canadian business world in the coming week – Brandon Sun
Albertans vote Monday on 10 referendum questions, including whether to hold a binding referendum on leaving Canada, with the separation question counted first. Unifor, which represents more than 9,000 Stellantis workers, will release Monday the results of a weekend strike vote, with the Brampton, Ont., plant that Stellantis wants to sell to Roshel a major sticking point. Statistics Canada releases September inflation on Monday, after August's annual rate of 3 per cent, while the Bank of Canada publishes its business outlook and consumer expectations surveys ahead of its Oct. 28 rate decision. Rogers Communications (TSX:RCI.B) reports third-quarter results Friday, after completing its purchase of the remaining 25 per cent stake in Maple Leaf Sports & Entertainment.
- Roger Marshall praises Trump tariff policies after Kansas executive says they hurt his business
Zac Surritt, who leads strategic growth at Kansas metal fabrication firm R&S Maintenance, told Republican Senator Roger Marshall that Trump's tariffs had cut demand and margins, raised transport costs and forced the company to delay expansion. Marshall, who is seeking reelection against Democrat Adam Hamilton, said this experience was likely an anomaly because most manufacturers he had spoken with were expanding, and argued that tariffs were helping Kansas manufacturing grow. Hamilton countered that the state's largest employers criticized the instability tariffs had created, noting 56 tariff changes in the past year, and called Trump's insults toward Canada, which imports $4 billion in Kansas goods annually, a blunder. The Tax Foundation estimated the average household cost of Trump's tariff policy at $820 per residence in 2026.
- Five things to watch for in the Canadian business world in the coming week
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