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1. Canada's new tariffs on US goods go into effect
Canada's new tariffs on approximately $20 billion in U.S. goods have gone into effect as the latest development in the trade war between the two countries, the New York Times reports. The tariffs cover clothing, cheese, metal parts, wood products and other goods.
“This tit-for-tat retaliation is bad for Canadian businesses and consumers, and bad for American businesses and consumers,” said Brad Wood, the senior director for trade and innovation at the National Foreign Trade Council. “Every escalation is one more layer of barriers that ultimately Canada and the United States need to resolve."
2. ECB expected to raise rates this week
Economists expect the European Central Bank to increase its key interest rate on Sept. 10 as the eurozone's annual rate of inflation rose to 3.3% in August, the Wall Street Journal reports. This will be the second time the ECB has raised its rate since the start of the war between the U.S. and Iran.
“We expect energy price pressures to remain elevated in the coming months and more evidence of broadening price pressures to suggest to the ECB that another hike is likely to be required to bring inflation sustainably back to 2%,” economists at BNP Paribas wrote in a note to clients.
3. Where hoteliers can find new revenue sources
As hoteliers continue to feel pressure on profit margins, they are looking for new areas they can generate revenue, CoStar News Hotels reports. Pre-arrival and front-desk upsells, food-and-beverage credits and experiences offers are some of the ways hoteliers are finding success.
Guests are more open to spending for experiences, conveniences and making their stay flexible, said Jenna Fishel, chief commercial officer at First Hospitality, during a panel at the 2026 Hotel Data Conference.
“They’re definitely willing to pay for time: the early check-ins, the late check-outs,” she said. “Dramatically more than we saw even five years ago.”
4. TFE Hotels to reinvest in global portfolio
Sydney-based TFE Hotels will invest 100 million Australian dollars ($72 million) into its global portfolio of Adina aparthotels, according to a news release. The capital expenditure projects will focus on guest rooms, public spaces and hotel amenities.
“In addition to our owned hotels, we’re working closely with our third party hotel owners to elevate the guest experience by leaning into what makes Adina unique — generous livable spaces, relaxed Australian hospitality, and an elevated design approach," TFE Hotels CEO Antony Ritch said in the release.
TFE Hotels and its Adina brand have properties across Australia, continental Europe and the United Kingdom.
5. Developer of W Cleveland secures $218 million in financing
ErieView Development has closed on $218 million in financing to convert the Erieview Tower in Cleveland, Ohio, to the 210-key W Cleveland Hotel and 215-unit W Apartments, according to a news release. The hotel and residences are expected to open in late 2027.
The financing is a mix of debt and tax credits. Nuveen Green Capital provided $93.4 million in commercial property assessed clean energy financing, the largest C-PACE transactions closed in Ohio. ErieBank, a division of CNB Bank, is providing senior financing of $20 million. The development is also receiving state historic and transformational mixed-use development tax credits, federal historic tax credits and other public financing and tax abatements.