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5 Things to Know Today: Oil Tops $108, CPI Day, and the Investment Summit Kicks Off

  Monday, September 14, 2026 A busy Monday for your wallet: oil has punched through $108 a barrel on a second Middle East supply shock, Statistics Canada's August inflation report lands this morning, and Toronto is hosting the country's first-ever Investment Summit. Here's what's moving and what it means for you. 1. Oil jumps to a 4-month high after Saudi pipeline shutdown Brent crude touched roughly $108 a barrel and WTI neared $103 on Monday after Saudi Arabia shut down its East-West pipeline — a 7-million-barrel-a-day route that bypasses the Strait of Hormuz — following drone strikes near Medina. A planned Oman meeting between Iran and Gulf states to de-escalate Hormuz shipping tensions was also postponed over the weekend, removing a near-term path to calm. Both benchmarks are now up roughly 9% over the past week alone, and some bank forecasts flag $120 oil as back on the table if disruptions persist. What it means for you: Pump prices, which had been easing thanks ...
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A Pause in Conflict: Putin Declares Ceasefire to Honor WWII Anniversary

In a significant announcement, Russian President Vladimir Putin has declared a three-day ceasefire in the ongoing conflict with Ukraine. The truce, set to take place from May 8 to May 10, coincides with the 80th anniversary of the Soviet Union's victory in World War II. The Kremlin emphasized that all military actions would be suspended during this period and urged Ukraine to follow suit.

This announcement follows a recent Easter ceasefire, which was marred by accusations of violations from both sides. While the gesture appears to signal an interest in peace, skepticism remains high among Ukraine and its allies, who question the sincerity of Russia's intentions.

The ceasefire aligns with Victory Day celebrations, a deeply significant occasion in Russia, commemorating the defeat of Nazi Germany. However, the international community remains cautious, awaiting Ukraine's response and monitoring the truce's implementation.

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