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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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Stock Market Update: Mixed Close Amid Bitcoin Surge and Inflation Anticipation

                                 Stock market

The stock market exhibited a mixed performance today as investors recalibrated following last week’s tumultuous rally. Wall Street’s attention is now keenly focused on the health of the US economy and the impending inflation data. Here are the key highlights:

  • After a robust run-up last week, stocks have lost some of their momentum. The Dow Jones Industrial Average closed just below 0.3%, while the S&P 500 picked up late trading momentum to finish around 0.2%. The Nasdaq Composite led the major indices, closing up roughly 0.4%.
  • Bitcoin (BTC-USD) stole the spotlight, surging past $57,000 for the first time in over two years. The recent rally was partly fueled by MicroStrategy’s massive $155 million Bitcoin purchase. The cryptocurrency market continues to attract institutional money, and financial advisors are diligently guiding investors into the crypto space. Expect further catalysts from strong demand for spot Bitcoin ETFs in the coming months.
  • This week, earnings reports from major retailers take center stage. Notable names include:
    • Domino’s: The pizza delivery giant beat Wall Street’s sales and profit targets, propelling its stock up by 6.5%.
    • Zoom: The video conferencing company is set to report after the bell.
    • Amazon.com: Officially joins the 30-company Dow Jones industrials, replacing Walgreens Boots Alliance.
    • Uber Technologies Inc.: Replaces JetBlue Airways Corp. on the Dow Jones Transportation Average, enhancing the index’s tracking of the ride-sharing sector.
    • Other retailers reporting include Lowe’s, Dollar Tree, Macy’s, and Best Buy.
  • Keep an eye out for economic data releases:
    • Consumer Confidence
    • Inflation Reports
    • US Economic Growth Update: The pace of growth in the United States during Q4 2023 will be revealed on Wednesday.
    • The Federal Reserve’s ongoing efforts to tame inflation remain a critical factor.

In summary, Wall Street’s cautious optimism persists, with Bitcoin’s meteoric rise adding intrigue to the market landscape. As we await further economic indicators, investors remain vigilant in navigating this dynamic environment.


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