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5 Things to Know Today — September 28, 2026

  Monday, September 28, 2026  |  MoneySavings.ca Iran rejects Trump's terms for Hormuz, the US alcohol ban on Canadian goods kicks in tomorrow, the loonie posts its 13th straight losing session, Tuesday brings a key GDP print, and Ottawa quietly narrowed the federal deficit. Here's what it all means for your wallet today. 01 OF 05 🛢️ Iran Digs In on Hormuz — Trump Rejected the Deal, and Oil Stays Elevated Iran's Foreign Minister Abbas Araghchi offered over the weekend to reopen the Strait of Hormuz within seven days — the same terms attached to the June Islamabad Memorandum of Understanding that collapsed in early July. The conditions: the US lifts its naval blockade on Iranian ports, waives sanctions on Iranian oil sales, and observes a broader ceasefire. Trump rejected the offer outright on Saturday, calling it a play by a country that is "losing badly," and renaming the strait "Trump Strait" on Truth Social for good measure. As of this morning, Iran ...
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The 2024 U.S. Presidential Debate: A Pivotal Moment

 

 The upcoming presidential debate between Joe Biden and Donald Trump is indeed a pivotal moment in the U.S. election. Here’s why:

  1. Unusual Timing: Unlike typical debates held in September or October, this one is scheduled three months earlier. Both candidates will face off at 9 p.m. ET on Thursday. This early debate provides a unique chance for voters to assess them for long, unimpeded stretches.

  2. Resetting the Trajectory: Joe Biden, trailing slightly in most surveys, aims to reset the race by proposing an early debate under specific rules to limit heckling and interruptions. If successful, it could shift the campaign dynamics.

  3. Historic Significance: Longtime Republican strategist Karl Rove called it “the most important 90 minutes of this election season.” While debates don’t typically swing elections, this one has the potential to solidify a candidate’s lead.

  4. Past Debates: The first-ever televised debates between John F. Kennedy and Richard Nixon in 1960 are often remembered because they did influence the outcome. Kennedy’s telegenic performance helped turn the tide in his favor.

In summary, while debates don’t always change the game, this early face-off could be a defining moment in the 2024 U.S. election. Get your popcorn ready—it’ll be a heck of a night! 

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