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Oil Just Hit $110 — Could Canada's Energy Boom Offset the Tariff Pain?

  Published September 13, 2026 · 6 min read Brent crude touched nearly $110 US a barrel when trading opened Friday morning — its highest level since the spring — as renewed Iran-linked strikes on Saudi energy infrastructure rattled global supply. It settled back down to close the week around $104.61, but the direction of travel has been unmistakable: oil is up roughly 9-10% in the past week alone. That's bad news at the pump. But according to a CBC News analysis published this morning, it might not be bad news for Canada's economy overall. The argument: the roughly 0.5% hit to GDP from Trump's tariffs could be more than offset by the windfall Canada earns as one of the world's biggest oil exporters. For a personal finance reader, that's really two separate stories — one that costs you money, and one that might be quietly making some of your money back. Here's how to think about both sides of your own ledger. Why oil is spiking again The latest leg up traces to ...
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US Stock Futures Retreat After Intel’s Gloomy Outlook

 

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US stock futures retreated on Friday after Intel’s first-quarter outlook fell well short of Wall Street expectations, somewhat denting the AI-fueled hopes that have helped lift stocks to record highs. 

Intel shares fell over 10% in premarket trading, with peers AMD and Nvidia also taking a slight knock. The S&P 500 futures dropped 0.2% after a winning Thursday saw the benchmark close at another record high. Dow Jones Industrial Average futures also lost around 0.2%, while those on the tech-heavy Nasdaq 100 sank nearly 0.5%. Techs led the way lower after a gloomy outlook from Intel, as investors awaited a key inflation reading seen as influential in the timing of an interest rate cut.

The release of the PCE index for December painted a rosy inflation picture for investors, however. “Core” PCE, the inflation gauge commonly known as the Fed’s preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021. That number, combined with a hotter-than-expected early estimate on fourth quarter US GDP, could further the notion that the US economy is headed for a “soft landing.”

The Personal Consumption Expenditures Price Index (PCE) is a measure of the prices that people living in the United States pay for goods and services. It is released each month in the Personal Income and Outlays report and is used to calculate the GDP and inflation . The PCE index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. The latest release of the PCE index for December 2023 shows that the “core” PCE, the inflation gauge commonly known as the Fed’s preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021.


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