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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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Lobbying Surge Among Ontario Training Fund Recipients Raises Questions

David Piccini, Ontario Minister of Labour, Immigration, Training and Skills Development speaks as Ontario Premier Doug Ford listens during a funding announcement earlier this year. The government’s Skills Development Fund was criticized by the auditor general in a report Wednesday. 

Ontario’s Skills Development Fund (SDF) is under scrutiny as more grant recipients are turning to lobbyists to secure funding. Data shows that organizations receiving millions in taxpayer-funded grants have increasingly hired lobbying firms to advocate on their behalf.

In the program’s most recent round, a significant portion of the funding went to groups with political connections, raising concerns about fairness and transparency. Some organizations received large sums despite lower application scores, while others with stronger proposals were overlooked.

Critics argue that this trend suggests lobbying influence may be overshadowing merit-based decisions. Questions have also been raised about whether public money is being directed toward projects that genuinely serve workforce development, as some recipients have been linked to unconventional ventures.

The government maintains that the program is essential for addressing labour shortages and supporting Ontario’s workforce. Still, the growing reliance on lobbyists by grant recipients has sparked debate over accountability and the role of political influence in public funding decisions.


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