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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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Greece Grinds to a Halt as Workers Strike Against 13-Hour Workday Plan

 

Greece came to a standstill on Wednesday as ferries, trains, taxis, and much of the public transport network were halted during a nationwide strike against proposed labour reforms. Thousands of workers, including teachers, seafarers, and civil servants, marched through central Athens to denounce a government bill that would allow employers to extend working hours up to 13 hours a day.

Unions argue the measure threatens workers’ rights, calling it “modern slavery” and warning it will worsen exploitation in a country still recovering from years of austerity. Protest banners read “No to slavery” and “We are not machines,” as demonstrators demanded higher wages instead of longer hours.

The government insists the reform is optional, limited to 37 days a year, and offers 40% overtime pay, framing it as a step toward a more flexible labour market. But critics say the plan risks undermining work-life balance and endangering health and safety.

With ferries tied up in ports, trains suspended, and public services disrupted, the strike highlighted the deep divide between Greece’s conservative government and its workforce over the future of labour rights in the country.


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