Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Wall Street Futures Dip as Holiday-Shortened Week Concludes

 

 U.S. stock index futures fell on Friday as Wall Street wrapped up a holiday-shortened week. The Dow Jones Industrial Average futures dropped 119 points (0.27%), while S&P 500 futures declined by 22 points (0.36%). Futures tracking the tech-heavy Nasdaq 100 also fell by 92.25 points (0.42%).

Despite the dip, the S&P 500 has nearly recovered from last week's losses, driven by the U.S. Federal Reserve's projection of fewer interest rate cuts in 2025. The benchmark index is now just 1% below its all-time high reached on December 6.

Investors are now eyeing the "Santa Claus rally," a traditional stock-buying season in the last five trading sessions of December and the first two of January. Historically, the S&P 500 has climbed 1.3% on average during this period since 1969.

Trading volumes have been lower than average this week and are expected to remain subdued until January 6. The next major focus for markets will be the December employment report due on January 10.




Labels:

Comments

Post a Comment