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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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White House Frames Trump-Putin Talks as Diplomatic Listening Session

 

The White House has characterized the upcoming meeting between former U.S. President Donald Trump and Russian President Vladimir Putin as a “listening exercise,” signaling a focus on understanding Moscow’s positions rather than pursuing immediate policy decisions. According to senior aides, the encounter is intended to open channels for dialogue on issues ranging from security concerns to economic cooperation.

While officials declined to detail the full agenda, they emphasized that this meeting would serve as an opportunity to assess Russia’s perspectives first-hand. Analysts suggest that framing the talks in this way allows the U.S. side to manage expectations and avoid the appearance of prematurely committing to any agreements.

The meeting comes amid a backdrop of complex global tensions, where careful diplomatic tone-setting could influence future negotiations.


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