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Gas Prices Are Spiking Again — Here's How to Protect Your Wallet as the Iran Conflict Escalates

  Published July 20, 2026 If it feels like you're filling up more often for the same money lately, you're not imagining it. Oil markets jolted higher to start the week, and Canadian drivers are almost certain to see it at the pump in the next few days. What just happened Brent crude — the global benchmark that drives Canadian gas pricing — jumped nearly 4% on Monday to trade above US$90 a barrel, its highest level since mid-June, while U.S. West Texas Intermediate traded near US$84. The move came after the United States and Iran escalated hostilities over the weekend, including strikes on vessels attempting to transit the Strait of Hormuz and an attack on an oil facility in Kuwait. That strait matters enormously to your gas bill: roughly a fifth of the world's oil supply normally passes through it. When shipping through it slows or stalls, traders price in a "risk premium" almost immediately — and that shows up at Canadian pumps within days, not weeks. What it mea...
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Ottawa’s “Better Homes” Program: A Dual Solution for Climate Change and Affordability

 

Ottawa, the vibrant capital city of Canada, is stepping up its game to address two pressing challenges simultaneously: climate change and the affordability crisis. The recently launched “Better Homes” program aims to empower homeowners to retrofit their dwellings, making them more environmentally friendly while easing financial burdens.

The Better Homes Program: What You Need to Know

  1. Interest-Free Loans: Ottawa homeowners can now apply for low-interest loans to fund home retrofits. These upgrades include replacing windows, adding insulation, installing heat pumps, or setting up electric vehicle chargers. The loan amount is tied to the home’s value, allowing borrowers to access up to 10% of their property’s value, capped at $125,000.

  2. Long-Term Repayment: The loans are repaid over a 20-year period through property tax bills. This innovative approach ensures that the financial burden aligns with the benefits gained from energy-efficient improvements.

  3. Green Transition: Residential buildings contribute significantly to greenhouse gas emissions. By focusing on heating, cooling, and electrifying homes and office spaces, Ottawa aims to reduce its carbon footprint. The Better Homes program encourages homeowners to embrace greener alternatives.

  4. Expert Guidance: The City of Ottawa has partnered with the environmental non-profit EnviroCentre to offer free energy retrofit planners to interested homeowners. These experts guide residents through the retrofit process, ensuring effective implementation.

Why It Matters

  • Climate Action: Retrofitting homes directly impacts Ottawa’s emissions. By enhancing energy efficiency, we move closer to achieving the city’s ambitious goal of net-zero emissions by 2050.

  • Affordability: The Better Homes program recognizes that affordability and sustainability go hand in hand. It empowers homeowners to make cost-effective changes that benefit both their wallets and the planet.

  • Community Engagement: Educating diverse demographics about available support is crucial. City staff play a pivotal role in bridging this gap and ensuring that every homeowner can participate.

As Ottawa pioneers this initiative, it sets an example for other cities grappling with similar challenges. The Better Homes program proves that tackling climate change need not come at the expense of affordability—it’s a win-win for all.


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