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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 Scottish Sojourn: Golf Diplomacy Amid Epstein Controversy

President Donald Trump has arrived in Scotland for a five-day “working visit” that blends personal business with high-stakes diplomacy, all under the shadow of renewed scrutiny over his ties to disgraced financier Jeffrey Epstein.

Golf Meets Geopolitics

  • Trump is visiting his golf resorts in Turnberry and Aberdeen, including the inauguration of a new 18-hole course named after his Scottish-born mother, Mary Anne MacLeod.
  • The trip includes a bilateral meeting with UK Prime Minister Keir Starmer to refine a U.S.-UK trade deal, focusing on tariffs and market access.
  • Trump will also meet Scottish First Minister John Swinney, despite Swinney’s past support for Democratic candidate Kamala Harris.

Epstein Files Stir Political Storm

  • The visit comes as Trump faces mounting pressure over his administration’s handling of the Epstein investigation.
  • A Reuters/Ipsos poll shows majorities across party lines suspect the government is withholding key information about Epstein’s death.
  • The controversy has fractured Trump’s MAGA base and prompted bipartisan calls for transparency.

Security and Protests

  • A massive security operation is underway, with airspace restrictions and police reinforcements across Scotland.
  • Protests are planned in Aberdeen and Edinburgh, reflecting Trump’s low favorability in Scotland—only 18% view him positively.

Diplomatic Agenda

  • Key topics for Trump and Starmer include the war in Ukraine, the humanitarian crisis in Gaza, and further trade negotiations.
  • British officials note a shift in Trump’s rhetoric on Ukraine, suggesting a more supportive stance.

Looking Ahead

  • Trump is scheduled to return to the UK in September for a state visit hosted by King Charles, making him the first modern world leader to undertake two state visits to Britain.

This visit underscores Trump’s unique blend of personal branding and presidential diplomacy, but the Epstein controversy ensures that scrutiny will follow him across the Atlantic.

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