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5 Things to Know Today: G7 Oil Release, Pipeline Fast-Track and Ontario's N1 Deadline (Oct. 3)

  Canadian Money Brief • Saturday, October 3, 2026 Markets are closed for the weekend, so here is what moved on Friday and what it means for your wallet as the week turns. Five things worth knowing today. 1. The G7 Is Releasing 100 Million Barrels of Oil and Fuel G7 leaders, Canada included, agreed Friday to release 100 million barrels of crude and refined products from emergency reserves over the next four months, with a front-loaded diesel release in the first 20 days. Washington had been pressing allies to act as fuel prices climbed. Oil barely budged on the news: Brent settled at US$102.25 a barrel and WTI at US$91.11, down US$1.76. Analysts noted it is not yet clear whether the 100 million barrels is new supply or the tail end of the release pledged in March. What it means for you: Diesel comes first, which matters more for freight and grocery costs than for your gas tank. With Brent still around US$100, do not count on a quick drop at the pump. 2. A Weak U.S. Jobs Report Shi...
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Market Gains Amid Nvidia Earnings Analysis

 

On Thursday, U.S. stock futures saw an uptick as investors digested Nvidia’s latest earnings report. The Dow Jones Industrial Average futures rose by 0.4%, while S&P 500 futures increased by 0.3%. The tech-heavy Nasdaq 100 futures also edged up by 0.1%.

Nvidia’s earnings report revealed a profit beat for the third quarter, but the company forecasted its slowest revenue growth in seven quarters due to supply chain issues. These constraints are expected to limit deliveries of Nvidia’s new flagship Blackwell chip, pushing potential revenue boosts into the future.

Despite the mixed reactions to Nvidia’s earnings, the broader market showed resilience. Investors are also keeping an eye on upcoming economic data, including weekly jobless claims, which will provide further insights into the labor market and the Federal Reserve’s interest rate decisions.

Elsewhere in the tech sector, Alphabet’s shares saw a slight decline following the Department of Justice’s request for Google to divest its Chrome browser. Meanwhile, Bitcoin continued its upward trajectory, reaching a new all-time high above $98,000.

As the market navigates these developments, investors remain focused on the potential impacts of economic policies and corporate earnings on future growth.




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