USA & Canada Intelligence Brief — Saturday, September 12, 2026

The United States and Canada marked the twenty-fifth anniversary of the September 11 attacks on Friday, with ceremonies held in New York, at the Pentagon, and in Pennsylvania. The observances brought an end to the customary 9:20 a.m. ringing of their respective opening bells.

Consumer prices in the United States edged up 0.4 percent month-over-month and 3.4 percent year-over-year to 0.3 percent on a core basis, after economists had forecast a 0.2 percent increase. These figures marked the final set of pre-meeting economic data before the Federal Reserve's scheduled decision on September 15-16.

Meanwhile, the trade dispute between the two nations had escalated into a procedural battleground. The United States had imposed 50 percent tariffs on roughly US$20 billion worth of Canadian goods, and a proclamation issued by the White House on September 8 excluded certain Canadian alcoholic beverages from retaliatory measures.