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

Cooling Rents: Relief for Tenants as Prices Drop Across Canada

Average rent prices across Canada in September 2025 fell 3.2 per cent year over year from record highs in 2024, according to a report.

After years of relentless increases, Canada’s rental market is finally showing signs of easing. According to the latest data from Rentals.ca and Urbanation, average asking rents in September 2025 fell 3.2% year-over-year, marking the 12th consecutive month of decline.

The steepest drops were recorded in Calgary and Vancouver, where new apartment completions and shifting demand have pushed prices down more sharply than in other major cities. Alberta and British Columbia, in particular, saw declines of over 5% compared to last year.

Experts point to a combination of factors driving the trend:

  • Record-high apartment completions, boosting supply
  • Reduced population growth among non-permanent residents
  • A weakening job market, softening demand

For renters, this shift offers long-awaited relief after years of affordability challenges. While it remains to be seen how long the trend will last, the current cooling suggests a more balanced rental market may be emerging across Canada.


Labels:

Comments

Post a Comment