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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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Gaza Ceasefire Commences After Delay, Hopes Rise for Peace and Hostage Release

 

After a tense delay, a long-awaited ceasefire between Israel and Hamas has finally come into effect in the Gaza Strip. The ceasefire, which was initially set to begin at 8:30 a.m. local time, was delayed by three hours due to disagreements over the release of hostages. The truce, which started at 11:15 a.m., aims to halt the ongoing violence and facilitate the gradual release of hostages held by Hamas.

The ceasefire deal, brokered by the United States, Qatar, and Egypt, is seen as a significant step towards ending the 15-month conflict that has resulted in the deaths of over 46,800 Palestinians and extensive destruction in Gaza. The agreement includes the release of 33 Israeli hostages in exchange for 1,904 Palestinian prisoners and detainees.

Despite the delay, celebrations erupted across Gaza as some Palestinians began returning to their homes. The ceasefire is expected to bring much-needed humanitarian aid to the war-torn region, with 600 trucks of aid set to enter Gaza daily.

The first phase of the ceasefire will see the release of three female hostages later on Sunday, with additional hostages expected to be freed in the coming days. The hope is that this ceasefire will pave the way for lasting peace and reconciliation in the region.



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