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5 Things to Know Today: Oil Tops $100, Tariffs Take Effect, TSX Slides — Sept 9

  September 9, 2026 Here's what's moving markets and your wallet today — from a fresh oil shock to a stock that just had its worst week in months. 1. Oil Tops $100 a Barrel for the First Time Since July Brent crude broke back above $100 a barrel overnight after Houthi drones and missiles struck Saudi Aramco energy facilities in Jazan, Abha and Najran, wounding more than 70 people and halting operations at several sites. The attacks followed U.S. strikes on Iranian oil tankers over the weekend, deepening a Middle East conflict now in its seventh month. What it means for you: Ottawa's fuel excise tax pause (extended to Jan. 31, 2027) is holding, but it can't offset a rising crude price — CAA's national average sits at 179.9¢/L today, up from 170.5¢/L just five weeks ago. If your tank is low, fill it before this keeps climbing. 2. TSX Slides for a Second Straight Day The S&P/TSX Composite closed Tuesday at 36,123.05, down 390.75 points (-1.07%), its second consecu...
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Escalating Conflict: Israel’s Gaza Strikes Intensify Amid Northern Pleas for Aid

 

The conflict between Israel and Gaza has reached a critical point as Israeli forces launched a series of deadly airstrikes on the Gaza Strip. These strikes have resulted in significant casualties, with at least 20 people killed on Wednesday alone. This follows one of the deadliest single strikes of the ongoing conflict, which claimed the lives of scores of individuals in northern Gaza.

The northern regions of Gaza, particularly Beit Lahiya, have been heavily impacted. On Tuesday, a Israeli airstrike on a residential building in Beit Lahiya killed at least 93 people, including 25 children2. The attack has drawn international condemnation, with the United States describing it as “horrifying” and calling for an explanation from Israel.

The humanitarian situation in northern Gaza is dire, with over 100,000 people trapped without access to essential supplies such as food and water. Rescue efforts are hampered by ongoing military operations, leaving many civilians buried under rubble and in desperate need of assistance.

As the conflict escalates, the international community continues to call for a ceasefire and increased humanitarian aid to the affected regions. The situation remains fluid, with both sides experiencing significant losses and the civilian population bearing the brunt of the violence.


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