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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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WestJet Mechanics Strike: Over 150 Flights Cancelled Ahead of Long Weekend

In an unexpected turn of events, WestJet mechanics have gone on strike, leading to the cancellation of at least 150 flights starting this Saturday. The Aircraft Mechanics Fraternal Association (AMFA) initiated the strike due to the airline’s “unwillingness to negotiate with the union,” making the strike inevitable. This move followed a federal government order for binding arbitration after two weeks of turbulent discussions with the union.

Calgary-based WestJet expressed extreme outrage at the mechanics’ actions and vowed to hold AMFA accountable for the stress and costs incurred. Last year, WestJet narrowly averted a strike during the May long weekend, but this time, over 20,000 travelers will be impacted by the cancellations.

As the Canada Day long weekend approaches, passengers are left wondering about their travel plans, while the airline grapples with the unexpected labor disruption.

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