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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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Solar Storm to Light Up Canada’s September Skies with Aurora Spectacle


Canadians are in for a celestial treat as a recent solar eruption sends a wave of charged particles toward Earth, setting the stage for one of the most vibrant northern lights displays since spring. The U.S. National Oceanic and Atmospheric Administration (NOAA) has issued a geomagnetic storm watch, predicting moderate Level 2–3 activity for September 1–2.

The aurora borealis could be visible across much of Canada—from the Prairies to Ontario and Quebec—and even dip into parts of the northern United States. September’s longer nights and earlier sunsets create ideal viewing conditions, giving skywatchers a better chance to catch the shimmering green, pink, and purple curtains dancing overhead.

Experts recommend heading to a dark, open location far from city lights, allowing your eyes to adjust for at least 20 minutes. A tripod can help capture the display in all its glory. While this event may not rival last year’s record-breaking auroras, it’s expected to be the best opportunity in months for Canadians to witness nature’s most dazzling light show.


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