Global financial markets experienced a pullback on Monday, December 1, 2025, with shares and U.S. futures trending lower. The session was notably influenced by a sharp rise in energy costs, as oil prices surged by more than $1 per barrel.
Market Movements and Economic Indicators
The downward shift in equities, observed in Asian markets like Japan's Nikkei, contrasted with the previous month's gains. This activity sets a cautious tone as traders assess the impact of rising energy prices on inflation and economic growth. The simultaneous decline in futures for U.S. indexes suggests the bearish sentiment may extend to North American trading floors.
Significant Canadian Headlines
Beyond the markets, a wide array of stories unfolded across Canada. In Ontario, a major overnight fire at an apartment building in Hawkesbury is being treated as suspicious, though all residents were confirmed safe. Meanwhile, municipal finances made news as Saskatoon city council passed one of its highest property tax increases on record, setting the rate at 6.7% for the coming year.
Public health alerts also emerged. The Canadian Food Inspection Agency (CFIA) issued a recall for broccoli florets sold in six provinces due to a salmonella risk, urging consumers to check their homes. In a separate case, the agency widened a recall for pistachios.
Regional Incidents and Investigations
Law enforcement was active on multiple fronts. Hamilton police are assisting Toronto authorities in searching for a missing woman. In Edmonton, police are investigating a suspicious death in the city's northeast. The Ontario Provincial Police have laid fines totaling $20,500 in an illegal moose hunting case.
In British Columbia, the provincial SPCA appealed for information after a tethered and muzzled dog was found dead in the woods. A cleanup was also underway after a train derailment near Cranbrook.
From business to community events, the news cycle remained full. A Canadian skincare company made headlines for rejecting Black Friday sales promotions, while the annual Edmonton Festival of Trees wrapped up its holiday festivities.
