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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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Federal Government Extends Charitable Donation Tax Deduction Deadline to February 2025


In response to the recent Canada Post strike, the federal government has announced an extension for the deadline to claim charitable donations on tax returns. Originally set for December 31, 2024, the new deadline is now February 28, 2025.

Finance Minister Dominic LeBlanc stated that this extension aims to mitigate the impact of the strike, which significantly disrupted mail-in donations during the crucial holiday season. Charities, such as the Salvation Army, reported a drop in donations by over 50% due to the strike.

The government plans to introduce legislation to amend the Income Tax Act once Parliament resumes on January 27, 2025. This extension is expected to provide charities with additional time to receive and process donations, ensuring they can continue their vital work in communities across Canada.



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