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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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Classic Carrot Cake with Cream Cheese Frosting

 This cake is nicely spiced, ultra-moist, and topped with lavish swirls of cream cheese frosting.

Classic Carrot Cake with Cream Cheese Frosting

Ingredients:

  • 1 cup currants (soaked in hot water to plump them up, then drained)
  • 2 cups all-purpose flour
  • 2 teaspoons ground cinnamon
  • 1/2 teaspoon ground nutmeg
  • 1/2 teaspoon ground ginger
  • 1 teaspoon baking soda
  • 1/2 teaspoon salt
  • 1 cup chopped walnuts or pecans
  • 1 pound carrots (finely chopped in a food processor)
  • 4 large eggs
  • 1 cup granulated sugar
  • 1 cup packed light brown sugar
  • 1 1/4 cups vegetable oil

Instructions:

  1. Preheat your oven to 350°F (175°C).
  2. In a large bowl, combine the flour, spices (cinnamon, nutmeg, ginger), baking soda, and salt. Whisk to blend.
  3. Add 1/4 cup of the flour mixture to the drained currants and nuts. Toss well; coating the currants and nuts with flour will prevent them from sinking to the bottom of the cake.
  4. Next, add the finely chopped carrots to a food processor fitted with the steel blade. Process until they are the consistency of couscous.
  5. Transfer the carrots to a bowl and wipe the processor bowl clean.
  6. Add the eggs, granulated sugar, and brown sugar to the processor. Process until smooth.
  7. With the machine running, slowly pour in the vegetable oil.
  8. Stir the wet ingredients into the flour mixture. Add the carrots, currants, and nuts. The batter will look very orange!
  9. Transfer the batter to a greased and floured 9x13-inch cake pan.
  10. Bake the cake for about 45 minutes, or until a tester comes out clean.
  11. While the cake cools, make the Cream Cheese Frosting:
    • Combine 8 oz (225g) softened cream cheese, 1/2 cup (1 stick) unsalted butter, and 1 teaspoon vanilla extract in the bowl of an electric mixer. Beat until smooth and creamy.
    • Gradually add 2 cups confectioners’ sugar. Once all the sugar is added, beat on medium-high speed until light and fluffy.
  12. Use an offset spatula to frost the cake. Sprinkle nuts on top, if desired, and serve the cake directly from the pan.

Note: This cake can also be made as a 9-inch layer cake. You’ll have enough frosting for the middle and top of the cake; just leave the sides bare — it’s pretty that way.


 

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