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5 Things to Know Today: Oil Surges, Tariffs Land Tomorrow, Your Gas Tax Break Survives

  Monday, September 7, 2026 — Labour Day | Canadian Money Brief Markets are closed for the holiday, but the week ahead is loaded. Here are five things worth knowing before you head back to your desk tomorrow. 1. Oil Hits a Five-Week High as the Iran Conflict Escalates Crude climbed to $92.06 US/barrel on Saturday — up 17.75% over the past month and nearly 48% year over year — after Iran and the United States exchanged missile strikes this week. Israel's defence minister has threatened "crippling" attacks on Iran's energy infrastructure, the EU has formally joined the US-led sanctions campaign, and US Vice President JD Vance said Washington won't hold peace talks until Iran stops targeting ships in the Strait of Hormuz. What it means for you: Even with the federal gas tax break extended (see #4), pump prices track the price of crude itself. If your tank's getting low, filling up early this week may beat whatever the Strait of Hormuz situation does to prices by...

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Toronto Takes a Stand: Raptors Fans Reject “51st State” Notion with Anthem Booing

 

At Toronto’s Scotiabank Arena, a surge of patriotic defiance was on full display as Raptors fans booed the U.S. national anthem during pre-game festivities against the Los Angeles Clippers. The protest unfolded in the wake of U.S. President Donald Trump’s recent announcement of steep tariffs on Canadian goods—a move that many critics say is an effort to pressure Canada into economic alignment, with some even likening it to an attempt to turn Canada into the “51st state.” 

The incident began when a 15-year-old singer’s rendition of “The Star-Spangled Banner” was met with sustained boos from the crowd. In a striking reversal of sentiment, the arena erupted into cheers as “O Canada” was performed immediately afterward. Joseph Chua, a Toronto resident and game attendee, noted, “I’ve always stood for both anthems, but today we’re feeling a little bitter about things. It’s like we’re saying, ‘Canada is not for sale.’”

This display of discontent is part of a broader trend seen across Canadian sports arenas, with similar reactions reported at NHL games in Ottawa and Vancouver. While coaches and team officials have largely refrained from commenting, the sentiment among fans is unmistakable—a collective stand against policies that threaten to upend the longstanding U.S.–Canada trade relationship.

The tariffs, which target a range of Canadian imports, have already prompted retaliatory measures from Prime Minister Justin Trudeau and provincial leaders, urging Canadians to buy local and support domestic industries. As the trade war intensifies, moments like these in Toronto not only capture the spirit of national pride but also serve as a potent symbol of resistance against what many see as unwarranted economic aggression.

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