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

5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures

The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week. 

2. Oil & energy costs rise as global uncertainty persists

Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%.

3. Inflation pressures remain elevated for Canadian households

Canada’s annual inflation rate rose to 2.4% in March, driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive. 

4. Retail sales slow as Canadians pull back

New data shows retail sales growth is losing momentum as households tighten budgets. Analysts point to persistent cost‑of‑living pressures and economic uncertainty as key drivers of the slowdown. 

5. Corporate shakeups: Apple, Meta, and Lululemon in transition

Apple’s long‑time CEO Tim Cook is stepping down, with hardware chief John Ternus taking over. Meanwhile, Meta plans to cut 8,000 jobs, and Lululemon is preparing for a leadership change as a former Nike executive steps in. These shifts could influence tech and retail markets globally.


Labels:

Comments

Post a Comment