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5 Things to Know Today: Oil Surges, Tariffs Land Tomorrow, Your Gas Tax Break Survives

  Monday, September 7, 2026 — Labour Day | Canadian Money Brief Markets are closed for the holiday, but the week ahead is loaded. Here are five things worth knowing before you head back to your desk tomorrow. 1. Oil Hits a Five-Week High as the Iran Conflict Escalates Crude climbed to $92.06 US/barrel on Saturday — up 17.75% over the past month and nearly 48% year over year — after Iran and the United States exchanged missile strikes this week. Israel's defence minister has threatened "crippling" attacks on Iran's energy infrastructure, the EU has formally joined the US-led sanctions campaign, and US Vice President JD Vance said Washington won't hold peace talks until Iran stops targeting ships in the Strait of Hormuz. What it means for you: Even with the federal gas tax break extended (see #4), pump prices track the price of crude itself. If your tank's getting low, filling up early this week may beat whatever the Strait of Hormuz situation does to prices by...
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Canada’s Solar Eclipse: A Celestial Spectacle

On April 8, 2024, a remarkable and rare celestial event will unfold over Canada, the United States, and Mexico—a total solar eclipse. As the Moon aligns perfectly between Earth and the Sun, temporary darkness will sweep across parts of our country, captivating countless spectators.

In Canada, the solar eclipse’s path of totality will pass through several cities and towns in Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland. During those precious minutes, lucky observers within this path will experience complete darkness as the Moon completely obscures the Sun. For those outside the path of totality, a partial solar eclipse will still be visible, with the Sun partially hidden.

Remember that looking directly at the Sun during an eclipse can lead to serious eye damage. Always use appropriate eye protection when witnessing this awe-inspiring event. The last total solar eclipse visible in Quebec was over 50 years ago (in 1972), and the next one won’t occur until 2106. So mark your calendars and prepare to witness this once-in-a-generation phenomenon!


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