Skip to main content

Featured

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...

article

Usha Vance's Greenland Visit Amid U.S. Takeover Speculation

Second Lady Usha Vance is set to visit Greenland later this week, marking a significant moment as President Donald Trump continues to express interest in acquiring the Danish territory. The White House announced that Vance, accompanied by her son and a U.S. delegation, will explore historical sites, learn about Greenlandic heritage, and attend the Avannaata Qimussersu, Greenland's national dogsled race.

This visit comes amidst heightened tensions following President Trump's remarks about Greenland's strategic importance for national and international security. Trump has reiterated his desire to bring Greenland under U.S. control, citing its rich natural resources and geopolitical significance. Greenland's Prime Minister, Mute Egede, has criticized the visit as "highly aggressive," accusing the U.S. of demonstrating power over the territory.

While the White House has framed Vance's trip as a cultural celebration, the timing has raised eyebrows, especially as Greenland navigates its political future. The island's leaders have firmly rejected the idea of becoming part of the U.S., emphasizing their right to self-determination. 

The visit underscores the growing geopolitical interest in the Arctic region, with Greenland at the center of a complex tug-of-war between global powers. As the world watches, the implications of this visit could resonate far beyond the icy shores of Greenland.

Comments