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5 Things to Know Today: G7 Oil Release, Pipeline Fast-Track and Ontario's N1 Deadline (Oct. 3)

  Canadian Money Brief • Saturday, October 3, 2026 Markets are closed for the weekend, so here is what moved on Friday and what it means for your wallet as the week turns. Five things worth knowing today. 1. The G7 Is Releasing 100 Million Barrels of Oil and Fuel G7 leaders, Canada included, agreed Friday to release 100 million barrels of crude and refined products from emergency reserves over the next four months, with a front-loaded diesel release in the first 20 days. Washington had been pressing allies to act as fuel prices climbed. Oil barely budged on the news: Brent settled at US$102.25 a barrel and WTI at US$91.11, down US$1.76. Analysts noted it is not yet clear whether the 100 million barrels is new supply or the tail end of the release pledged in March. What it means for you: Diesel comes first, which matters more for freight and grocery costs than for your gas tank. With Brent still around US$100, do not count on a quick drop at the pump. 2. A Weak U.S. Jobs Report Shi...
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TSB Investigates Cause of Halifax Plane Incident: Tilt and Flames During Landing

 

The Transportation Safety Board of Canada (TSB) has launched an investigation into a dramatic incident involving an Air Canada Express flight at Halifax Stanfield International Airport. The incident occurred late Saturday night when the Bombardier Q400 aircraft, operated by PAL Airlines, experienced a rough landing that caused the plane to tilt and sparks to fly from its wing, igniting flames.

Passengers on board reported feeling a "massive rumble" upon landing, followed by the sight of sparks and flames, and smoke entering the cabin. Airport spokesperson Tiffany Chase confirmed that the plane, arriving from St. John's, N.L., experienced a suspected landing gear issue, which prevented it from reaching the terminal.

Despite the alarming situation, all 73 passengers and crew members were safely evacuated by bus, with no serious injuries reported. The airport was temporarily closed for about 90 minutes, causing flight diversions and cancellations.

The TSB's investigation aims to determine the exact cause of the landing gear malfunction and assess whether any safety protocols were breached. The aviation community is closely watching the investigation, hoping to prevent similar incidents in the future.



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