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5 Things to Know Today: Oil Tops $108, CPI Day, and the Investment Summit Kicks Off

  Monday, September 14, 2026 A busy Monday for your wallet: oil has punched through $108 a barrel on a second Middle East supply shock, Statistics Canada's August inflation report lands this morning, and Toronto is hosting the country's first-ever Investment Summit. Here's what's moving and what it means for you. 1. Oil jumps to a 4-month high after Saudi pipeline shutdown Brent crude touched roughly $108 a barrel and WTI neared $103 on Monday after Saudi Arabia shut down its East-West pipeline — a 7-million-barrel-a-day route that bypasses the Strait of Hormuz — following drone strikes near Medina. A planned Oman meeting between Iran and Gulf states to de-escalate Hormuz shipping tensions was also postponed over the weekend, removing a near-term path to calm. Both benchmarks are now up roughly 9% over the past week alone, and some bank forecasts flag $120 oil as back on the table if disruptions persist. What it means for you: Pump prices, which had been easing thanks ...
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Wall Street Futures Ease as Strong GDP Growth Tempers Fed Cut Hopes

US stock futures dipped Tuesday morning as stronger-than-expected GDP growth raised doubts about near-term Federal Reserve rate cuts, sending the Dow, S&P 500, and Nasdaq futures slightly lower.

Market Overview

  • Dow Jones, S&P 500, and Nasdaq futures all slipped about 0.2% in premarket trading.
  • The decline comes after three consecutive winning sessions for US equities, highlighting investor caution despite recent momentum.
  • Gold and silver continued their rally, with both metals on pace for their best year in over four decades.

Economic Data Impact

  • The third-quarter GDP report showed the US economy grew at a 4.3% annualized rate, well above the 3.3% forecast.
  • Strong consumer spending drove the surprise, but analysts warn that the government shutdown likely slowed growth in the fourth quarter.
  • The data suggests economic resilience, but also reduces the likelihood of immediate Fed rate cuts, which had been priced in by markets.

Investor Sentiment

  • Traders are recalibrating expectations for monetary policy in 2026, with stronger growth signaling the Fed may keep rates higher for longer.
  • The market reaction reflects a “good news is bad news” dynamic: robust growth boosts confidence in the economy but dampens hopes for easier financial conditions.
  • Precious metals’ surge underscores investor demand for safe-haven assets amid uncertainty.
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