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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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Missile Barrage Strikes Northern Israel: Emergency Services Respond to Escalating Tensions

 

Israeli emergency services reported dealing with a string of fires in northern Israel on Friday after dozens of missiles were fired from southern Lebanon into the area around the border town of Kiryat Shemona. The military confirmed that warning sirens had sounded in northern Israel, and emergency services teams were dispatched to search the affected area. Fortunately, there were no casualties reported, but property damage occurred.

Television footage showed damaged buildings, cars, and brush fires caused by strikes or falling debris amid heatwave conditions. The Israeli military has been engaged in regular exchanges of fire with Hezbollah forces across the border in southern Lebanon since the start of the war in Gaza last October. While neither side appears to desire a wider conflict, the escalating strikes raise concerns about the situation spiraling out of control.

The latest salvo followed an Israeli strike that killed a senior commander from the Iranian-backed Hezbollah militia in southern Lebanon earlier this week. Tens of thousands of residents have been evacuated from their homes on both sides of the border, putting pressure on diplomatic efforts to resolve the stand-off.

On Friday, the Israeli Air Force intercepted 11 out of 16 drones launched by Hezbollah against Israel in the past 72 hours. The situation remains tense, with the risk of further escalation in a region that has already witnessed direct exchanges between Israel and Iran.


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