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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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Foiled Plot to Attack Taylor Swift Concerts in Vienna: Suspects Planned Mass Casualties

In a chilling turn of events, authorities in Austria have thwarted a plot to attack Taylor Swift’s upcoming Eras Tour shows in Vienna. The prime suspect, a 19-year-old Austrian with North Macedonian roots, confessed to planning a suicide attack. His horrifying intentions included not only taking his own life but also causing mass casualties among concertgoers using knives and explosive devices.

The suspect had downloaded bomb-building manuals and was found in possession of hydrogen peroxide, homemade explosives, detonators, and detonator cables at his apartment. Interior Minister Gerhard Karner emphasized that a tragedy was prevented thanks to the authorities’ intervention.

Additionally, a second suspect, a 17-year-old Austrian citizen with Turkish and Croatian roots, had Islamic State and al Qaeda material at their home. A third suspect, a 15-year-old Austrian national with Turkish roots, is currently being questioned by authorities.

The cancellations of three sold-out concerts devastated Swifties worldwide, many of whom had invested significant resources in travel and lodging for the now-canceled shows.

This incident serves as a stark reminder of the importance of vigilance and security measures at large-scale events. Thankfully, authorities acted swiftly to prevent a potential tragedy, ensuring the safety of concert attendees and the community at large.

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