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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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Wall Street Futures Dip as Markets Close Out a Turbulent but Triumphant 2025

US stock futures edged slightly lower on Wednesday as Wall Street prepared to close the books on one of the most unpredictable yet ultimately rewarding years in recent memory. Futures tied to the Dow, S&P 500, and Nasdaq slipped in early trading, extending the quiet, cautious tone that has defined the final stretch of 2025.

Despite the soft finish, the major indexes remain on track to end the year with strong gains. The S&P 500, Nasdaq, and Dow all posted double‑digit advances, powered by resilient corporate earnings, easing inflation pressures, and renewed enthusiasm for artificial intelligence and semiconductor stocks.

The year was anything but smooth. Markets swung sharply in the spring after sweeping tariff announcements rattled investors, only to rebound when policy uncertainty eased. Inflation worries, shifting expectations for Federal Reserve policy, and geopolitical tensions added to the volatility, creating a roller‑coaster environment that tested investor patience.

Even so, the second half of the year delivered a powerful recovery. Tech leadership re‑emerged, consumer spending held up better than expected, and optimism returned as economic data stabilized.

The final week of December has been subdued, with several consecutive down sessions dampening hopes for a classic Santa Claus rally. But the broader picture remains overwhelmingly positive: 2025 will be remembered as a year that challenged markets early but rewarded those who stayed the course.

As investors look toward 2026, attention now shifts to the Federal Reserve’s next moves, the durability of the AI boom, and whether the market’s momentum can continue into the new year.


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