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5 Things to Know Today: "Economic D-Day" for Iran and Gold Tops $4,700

Here's what's moving Canadian wallets this Monday — from a sanctions announcement in Washington to a record run in gold. 1. The U.S. is unveiling "economic D-Day" sanctions on Iran today U.S. Treasury Secretary Scott Bessent holds a news conference this afternoon to detail what he's calling the "toughest sanctions in history" against Iran, part of a broader push to cut off the country's oil exports and its trading partners' access to the U.S. financial system. Oil had pulled back over the weekend from last week's highs above $93 Brent as traders waited for the details. What it means for you: Sanctions announcements this sweeping tend to move oil first and gas pumps second. If Brent jumps back above $90 on today's news, expect it at the pump within a few days — worth topping up before the weekend if you're due for a fill-up. 2. TSX holds near records, but Wall Street is cautious into Jackson Hole The TSX enters the week just off its r...
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Market Jitters Rise as Tariff Threats Hit Global Stocks

Global markets slipped in early trading after President Donald Trump signaled potential new tariffs on several European nations, unsettling investors and prompting a swift move into traditional safe‑haven assets.

Stock futures in the U.S. and Europe traded lower, with major indexes across Frankfurt, Paris, and London also losing ground. The renewed trade tension injected fresh uncertainty into markets already sensitive to geopolitical shifts.

Gold prices climbed as investors sought protection from potential economic fallout, while the dollar weakened against the yen and Swiss franc. Oil edged down on concerns that escalating trade disputes could weigh on global growth and energy demand.

With U.S. markets closed for Martin Luther King Jr. Day, lighter trading volumes amplified the market’s reaction. Investors now look ahead for clarity on whether the tariff threats will escalate into a broader confrontation.


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