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Auction to own one of Toronto’s FIFA beavers closes with more than $170,000 in total bids

The bid to own one of the FIFA World Cup-themed beaver statues sprawled across an eastern downtown Toronto neighbourhood has officially closed.

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A beaver featuring a maple leaf pattern in fall colours, one of 52 hand-painted beaver statues representing different countries in the FIFA World Cup, is shown in this undated handout photo. THE CANADIAN PRESS/Handout - Old Town Toronto BIA (Mandatory Credit)
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Morning Update: A new trade deal remains in the cards

Good morning. We’ve reached the tit-for-tat phase of the trade war. More on that below, along with Ukraine’s Independence Day and Iran’s so-called “economic D-Day.”

© ANDREJ IVANOV

Prime Minister Mark Carney speaks about the trade dispute at the Davie Shipyard in Levis, Que. on Aug 24.
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Iran's currency hits new record low as U.S. prepares to announce more sanctions

The rial dropped to 2.02 million to the U.S. dollar as trading opened on currency markets. The currency had already been under pressure before the U.S. and Israel attacked Iran on Feb. 28 - now Trump's administration has promised even stronger sanctions than those already in place would be announced Monday, including secondary sanctions on countries that continue to do business with Iran.

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Morning Update: ‘You are at war when you get attacked’

Good morning. “You are at war when you get attacked. We got attacked,” the Prime Minister said on Saturday. More on the trade file below, along with investors betting on Canadian banks and a new study about online gambling trends.

© DAVE CHAN

Canadian Prime Minister Mark Carney speaks at a press conference alongside Dominic LeBlanc, Minister responsible for Canada-US Trade, and and Canada's Chief Negotiator Janice Charette in Ottawa, Ontario, on August 22, 2026 after trade talks with the US collapsed. Carney said his country could not accept US terms for a trade deal, and would slap retaliatory tariffs on steel and dairy products in response to heavy duties imposed by Washington. "We cannot accept what they've offered, and we will not give what they've asked," Carney said in remarks on the failed negotiations, adding that Ottawa's new trade measures would take effect on September 8. (Photo by Dave Chan / AFP via Getty Images)
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