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5 Things to Know Today: Gas Prices Keep Falling, WestJet's Strike Drags On, and the Tariff Clock Is Ticking

  Monday, August 3, 2026 — Civic Holiday It's the Civic Holiday, so the TSX and the big banks are closed — but plenty is still moving that will hit your wallet this week. Here are five things worth knowing today. 1. Markets and banks are closed today — here's what that means for your money The TSX, TSX Venture, and Montreal Exchange are shut for the Civic Holiday and reopen Tuesday morning. Most major banks are closed too, which means e-transfers, bill payments, and cheque deposits made today may not clear until Tuesday. What it means for you: If you have a mortgage payment, credit card payment, or bill due today, submit it a day early where possible to avoid a processing delay counting against you. Any trades placed today will execute Tuesday when markets reopen. 2. Oil just crashed — and gas prices are following it down Brent crude fell roughly 6% to close to $84 a barrel after reports that a planned strike on Iran was called off, easing fears of a wider Middle East supply di...
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ECB Maintains Record High Interest Rate Amid Debate Over Timing of Cuts

 

The European Central Bank (ECB) has decided to keep its key interest rate at a record high of 4% . The decision comes amid a growing debate over the timing of cuts, with some economists predicting a policy pivot starting in April and rate cuts of 150 basis points this year .

The ECB’s decision to maintain the interest rate at its current level is aimed at battling inflation, which has been ravaging the economy. The head of the ECB has warned that cutting interest rates too soon could threaten Europe’s progress in battling inflation.


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