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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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Trump’s Historic Criminal Trial: A Closer Look

 


On Monday, Donald Trump will once again make history, becoming the first former president to face trial on criminal charges. The trial, presided over by Manhattan District Attorney Alvin Bragg, centers around 34 felony counts of falsifying business records.

The Allegations

The charges stem from a $130,000 payment made to adult film star Stormy Daniels prior to the 2016 presidential election. Prosecutors assert that this payment was intended to keep Daniels quiet about an alleged extramarital affair with Trump. While the act of paying hush money itself is not a felony, it becomes one when used to facilitate other crimes, such as violating tax and campaign finance laws.

Trial Details

  • Jury Selection: The trial kicks off with jury selection at the Manhattan Criminal Courthouse in New York City.
  • Duration: Expect the trial to span six to eight weeks, with sessions held on Mondays, Tuesdays, Thursdays, and Fridays.
  • Television Coverage: Unfortunately, the trial won’t be televised. Reporters will be allowed inside the courtroom, but news photographers will have only 45 seconds of access each day before sessions begin.

Key Witnesses

Here’s a glimpse of who’s expected to take the stand for the prosecution:

  1. David Pecker: Former CEO of American Media (AMI), involved in a “catch and kill” arrangement to bury damaging stories about Trump.
  2. Karen McDougal: Former Playboy model who received a $150,000 payment from AMI for her story about an alleged affair with Trump.
  3. Michael Cohen: Trump’s former lawyer, who arranged the $130,000 payment to Daniels and was reimbursed in a way that concealed the transaction.

As the trial unfolds, all eyes will be on the courtroom, waiting to see how this historic case plays out. 

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