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5 Things to Know Today — September 28, 2026

  Monday, September 28, 2026  |  MoneySavings.ca Iran rejects Trump's terms for Hormuz, the US alcohol ban on Canadian goods kicks in tomorrow, the loonie posts its 13th straight losing session, Tuesday brings a key GDP print, and Ottawa quietly narrowed the federal deficit. Here's what it all means for your wallet today. 01 OF 05 🛢️ Iran Digs In on Hormuz — Trump Rejected the Deal, and Oil Stays Elevated Iran's Foreign Minister Abbas Araghchi offered over the weekend to reopen the Strait of Hormuz within seven days — the same terms attached to the June Islamabad Memorandum of Understanding that collapsed in early July. The conditions: the US lifts its naval blockade on Iranian ports, waives sanctions on Iranian oil sales, and observes a broader ceasefire. Trump rejected the offer outright on Saturday, calling it a play by a country that is "losing badly," and renaming the strait "Trump Strait" on Truth Social for good measure. As of this morning, Iran ...
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Southern Ontario Braces for Major Snowstorm: 25-35+ cm Expected


Southern Ontario is gearing up for a significant winter storm expected to hit the region on Sunday. The storm is forecasted to bring 25-35+ cm of snow, creating dangerous conditions and significant travel disruptions.

The storm, originating from a Colorado low, will tap into Gulf moisture as it moves just south of the Great Lakes. This will place southern Ontario in the ideal position for widespread heavy snowfall beginning before dawn and lasting through much of the day. 

Easterly winds will gradually strengthen, leading to low visibility and tough travel conditions. Snowfall rates of 1-3 cm per hour, combined with winds of 30-40 km/h, will create near-whiteout conditions at times. 

Residents are advised to avoid non-essential travel and stay up-to-date on local weather alerts. If travel is necessary, ensure your vehicle is prepared for hazardous conditions and check the latest highway conditions before heading out. 

The heaviest snowfall is expected in the Greater Toronto and Hamilton Area (GTHA), with totals close to 30 cm by the end of the storm. Light snow will continue into Sunday evening, gradually tapering off from west to east. 


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