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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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Political Crosswinds: U.S. Tensions Cast Shadow on Canada’s 2026 World Cup Role

As Canada gears up to co-host the 2026 FIFA World Cup alongside the United States and Mexico, rising political tensions south of the border threaten to complicate the celebration of global sport. With the U.S. presidential election looming in 2024 and divisive rhetoric already intensifying, concerns are mounting over how shifting immigration policies, security protocols, and diplomatic relations could impact Canada’s role in the tournament.

Canadian officials are particularly wary of potential disruptions to cross-border travel, which is vital for fans, teams, and media moving between host cities. Any tightening of U.S. border controls or changes to visa policies could create logistical headaches and dampen the spirit of international unity the World Cup aims to foster.

Moreover, political instability in the U.S. could affect joint infrastructure projects and funding agreements, placing additional pressure on Canadian organizers to ensure seamless operations. While Canada remains committed to delivering a world-class experience, the unpredictability of American politics adds a layer of complexity to what should be a unifying global event.

As preparations continue, Canadian stakeholders are calling for clear communication and contingency planning to safeguard the tournament’s success—regardless of which way the political winds blow.



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