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

Wall Street Futures Slip as Tech Weakness Marks Final Week of 2025

U.S. stock futures edged lower Monday as markets entered the final trading week of 2025, with declines in major tech names weighing on sentiment. Nasdaq futures led the pullback, pressured by early drops in Nvidia and Tesla, both of which slipped more than 1% in pre‑market trading.

S&P 500 futures dipped modestly, while Dow Jones Industrial Average futures also traded slightly in the red. The soft start comes after a strong December rally that pushed major indexes near record highs, fueled by optimism around artificial intelligence, easing inflation pressures, and expectations for rate cuts in the year ahead.

The tech sector’s stumble coincided with volatility in commodities. Silver, which briefly surged above $80, pulled back sharply, and gold futures also retreated after touching fresh highs last week.

Despite Monday’s early weakness, all three major indexes remain on track to close the year with solid gains, capping a dynamic 2025 defined by rapid shifts in investor sentiment, powerful AI-driven momentum, and renewed interest in cyclical sectors.


Labels:

Comments

Post a Comment