Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Rocket from Yemen Strikes Tel Aviv, Injuring 16, as Palestinians Mourn 19 Dead in Gaza

 

In the early hours of Saturday, a rocket fired from Yemen struck an area of Tel Aviv, leaving 16 people injured by shattered glass from nearby windows. The Israeli military reported that an additional 14 people sustained minor injuries as they rushed to shelters when air raid sirens sounded before the projectile hit. This attack comes less than two days after a series of Israeli airstrikes on Yemen's Houthi rebel-held capital, Sanaa, and the port city of Hodeida, which killed at least nine people.

The Houthis, an Iran-backed group in Yemen, have launched more than 200 missiles and drones during the ongoing Israel-Hamas war in Gaza. The Houthis have also been attacking shipping in the Red Sea and Gulf of Aden, stating that these attacks will not cease until there is a ceasefire in Gaza.

Meanwhile, in Gaza, mourners held funerals for 19 people, including 12 children, who were killed in separate Israeli strikes on Friday and overnight. One of the strikes hit a residential building in the Nuseirat refugee camp in central Gaza, killing at least seven Palestinians, including five children and one woman, and injuring 16 others. Another strike in Gaza City killed 12 people, including seven children and two women. Gaza's Health Ministry reported that 21 people had been killed over the past 24 hours.

The escalating violence has drawn international concern, with U.N. Secretary-General Antonio Guterres warning that both sides' attacks risk further escalation in the region and undermine U.N. mediation efforts. The situation remains tense as both sides continue to exchange fire, causing significant civilian casualties and damage.




Labels:

Comments

Post a Comment