Money Savings for Canadians

  Monday, August 31, 2026 The week opens with oil jumping on fresh Middle East tension, the TSX still nursing last week's Warsh-driven pullback, and three big deadlines — the Bank of Canada, the gas tax holiday, and Canada's retaliation tariffs — all landing within the next eight days. Here's what to know. 1. Oil Jumps Past $90 After a Fresh US Strike on Iran A US strike on Iranian rocket launchers near the Strait of Hormuz on Sunday — the first since late July — sent Brent crude to $90.69 (+2.93%), with WTI near $86. It ends weeks of relative calm on the oil front and comes right as Canadian drivers are about to lose a price cushion of their own (see #4). What it means for you: Expect pump prices to firm up over the next week or two as the crude increase filters through — bad timing with the gas tax holiday set to expire. 2. TSX Sits at a Two-Week Low, Gold Still Shaky The TSX closed out last week at 36,553.92 (-0.80% Friday), its second straight weekly decline, after Fed...