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5 Things to Know Today: Oil Tops $108, CPI Day, and the Investment Summit Kicks Off

  Monday, September 14, 2026 A busy Monday for your wallet: oil has punched through $108 a barrel on a second Middle East supply shock, Statistics Canada's August inflation report lands this morning, and Toronto is hosting the country's first-ever Investment Summit. Here's what's moving and what it means for you. 1. Oil jumps to a 4-month high after Saudi pipeline shutdown Brent crude touched roughly $108 a barrel and WTI neared $103 on Monday after Saudi Arabia shut down its East-West pipeline — a 7-million-barrel-a-day route that bypasses the Strait of Hormuz — following drone strikes near Medina. A planned Oman meeting between Iran and Gulf states to de-escalate Hormuz shipping tensions was also postponed over the weekend, removing a near-term path to calm. Both benchmarks are now up roughly 9% over the past week alone, and some bank forecasts flag $120 oil as back on the table if disruptions persist. What it means for you: Pump prices, which had been easing thanks ...
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TSX gains on hopes of rate hike pause

 

The TSX closed slightly higher on Wednesday, as some sectors that benefit from lower interest rates rose amid signs that central banks may not tighten monetary policy further. The Canadian and U.S. economies added fewer jobs than expected in October, easing inflation fears and boosting bond prices. The TSX composite index ended up 3.5 points, or 0.02%, at 20,264.59.

The financials sector, which accounts for about a third of the TSX’s weight, gained 0.6%, as lower bond yields reduce borrowing costs and increase the value of future cash flows. The real estate sector, which is also sensitive to interest rates, climbed 1.2%, while the consumer discretionary sector, which includes retailers and auto parts makers, rose 0.9%

The energy sector, however, fell 1.1%, as oil prices dropped 2.4% to $80.51 a barrel, amid concerns about rising U.S. crude inventories and the impact of the COVID-19 pandemic on global demand. The materials sector, which includes miners and fertilizer producers, also declined 0.7%, as base metal and gold prices retreated.

For the week, the TSX was down 0.4%, as a jump in bond yields earlier in the week weighed on interest-rate sensitive sectors such as technology and utilities. The TSX is still up 18.6% year-to-date, outperforming the S&P 500, which is up 15.8%.

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