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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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Ramadan Begins: A Month of Reflection and Devotion

 

The Islamic holy month of Ramadan has officially begun, marked by the sighting of the crescent moon. This significant event in the Islamic calendar is observed by Muslims worldwide, who engage in a month-long period of fasting, prayer, and reflection.

Ramadan is the ninth month of the Islamic lunar calendar and is believed to be the time when the Quran was revealed to the Prophet Muhammad. During this month, Muslims fast from dawn to sunset, abstaining from food, drink, smoking, and sinful behavior. The fast is broken each evening with a meal called Iftar, which is often shared with family and friends

The start of Ramadan can vary depending on the sighting of the crescent moon, leading to different start dates in various countries. For instance, in Saudi Arabia, Ramadan began on March 1, while in other regions, it may start a day earlier or later.

Ramadan is a time for Muslims to strengthen their faith, practice self-discipline, and engage in acts of charity. It is also a period for increased prayer and recitation of the Quran. Many mosques offer special nightly prayers called Taraweeh, which are longer than the regular daily prayers.

As Muslims around the world embark on this sacred journey, the spirit of Ramadan fosters a sense of community, compassion, and spiritual growth. The month-long observance culminates in the celebration of Eid al-Fitr, a festive occasion marking the end of fasting and the beginning of a new month in the Islamic calendar.

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