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...
Post a Comment
Read more

article

Labels

Markets Soar to Record Highs as Loonie Rebounds Amid Trade Optimism

North American stock markets kicked off July with a bang, as the TSX, S&P 500, and Nasdaq all closed at record highs on Monday, buoyed by strong tech performance and renewed optimism around global trade negotiations.

The S&P 500 rose 0.52% to 6,204.95, while the Nasdaq climbed 0.48% to 20,369.73, both notching fresh all-time highs. The Dow Jones Industrial Average added 275 points, closing at 44,094.77. Canada’s TSX Composite Index also surged, reflecting investor confidence in the domestic economy and easing geopolitical tensions.

Driving the rally were heavyweight tech stocks like Nvidia, Meta, and Microsoft, which continued to benefit from investor enthusiasm around artificial intelligence and digital transformation. The momentum was further supported by Canada’s decision to scrap its digital services tax, a move seen as a goodwill gesture to advance trade talks with the U.S..

Meanwhile, the Canadian dollar (loonie) rebounded from last week’s dip, recovering ground against the U.S. dollar after a string of declines. The recovery was aided by stabilizing oil prices and expectations that the Bank of Canada may hold off on further rate cuts amid improving economic signals.

With a pivotal week ahead—including key economic data releases and a looming July 9 tariff deadline—investors remain cautiously optimistic. But for now, the markets are celebrating a strong start to the second half of 2025.

Labels:

Comments

Post a Comment