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5 Things to Know Today: Oil Tops $100, Tariffs Take Effect, TSX Slides — Sept 9

  September 9, 2026 Here's what's moving markets and your wallet today — from a fresh oil shock to a stock that just had its worst week in months. 1. Oil Tops $100 a Barrel for the First Time Since July Brent crude broke back above $100 a barrel overnight after Houthi drones and missiles struck Saudi Aramco energy facilities in Jazan, Abha and Najran, wounding more than 70 people and halting operations at several sites. The attacks followed U.S. strikes on Iranian oil tankers over the weekend, deepening a Middle East conflict now in its seventh month. What it means for you: Ottawa's fuel excise tax pause (extended to Jan. 31, 2027) is holding, but it can't offset a rising crude price — CAA's national average sits at 179.9¢/L today, up from 170.5¢/L just five weeks ago. If your tank is low, fill it before this keeps climbing. 2. TSX Slides for a Second Straight Day The S&P/TSX Composite closed Tuesday at 36,123.05, down 390.75 points (-1.07%), its second consecu...
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Humanitarian Crisis Deepens in Gaza Amidst Conflict

 

The humanitarian situation in Gaza has reached a critical point as the United Nations warns of an impending famine in the northern regions. The World Food Program’s alarming report indicates that 70% of the population is facing catastrophic levels of hunger, with the possibility of half of Gaza’s 2.3 million residents being pushed to the brink of starvation if the conflict escalates.

Israeli forces have conducted another raid on Gaza’s largest hospital, Shifa Hospital, amidst claims of Hamas militants using the facility for operations. This has raised international concerns and calls for Israel to facilitate the entry of aid and open more crossings to address the dire needs of the Gazan population.

The European Union’s top diplomat has described the looming famine as “entirely man-made,” pointing to the use of starvation as a weapon of war. Aid groups emphasize the necessity of consistent food aid, access to clean water, and healthcare to avert the crisis.

As the war displaces 80% of Gaza’s population, the region’s infrastructure is under severe strain, with many residents resorting to eating animal feed. The international community continues to push for a ceasefire and increased humanitarian aid to prevent a large-scale famine in Gaza.


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