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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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Stock Market Today: A Snapshot of Market Trends



The stock market is a dynamic arena, influenced by a myriad of factors ranging from economic data to geopolitical events. As of today, let’s delve into the current state of affairs in the financial world.

Market Overview

  • U.S. Stocks: Despite recent fluctuations, U.S. stocks continue to hold their ground. The S&P 500, a key benchmark, is projected to maintain its current levels throughout 2024. This resilience can be attributed to robust economic indicators and the surge in artificial intelligence-powered trading.

  • Global Markets: European markets are catching the attention of hedge funds, as investors seek the next leg of the stock rally. Meanwhile, Asian stocks are poised to open higher following gains in the U.S. market.

Key Themes

  1. Tech Dominance: Technology stocks remain a focal point. While valuations are high, investors cannot afford to ignore this sector. Tech companies continue to drive innovation and shape our digital future.

  2. Commodities and Energy: Momentum in the energy sector persists, with oil prices potentially reaching $90-$100 per barrel. Keep an eye on commodities as they play a crucial role in the global economic landscape.

  3. Canadian Market Insights: Canada’s fiscal divide is widening, and the carbon tax hike is a hot topic. Telecom stocks, including Rogers and Telus, are undervalued and attractive. Additionally, expect more Canadian tech firms to be taken private.

Investor Strategies

  • Base Hits vs. Home Runs: In this environment, consider aiming for base hits rather than swinging for home runs. Prudent investment decisions can yield steady gains.

  • Risk-On Approach: While volatility persists, favor a risk-on approach. Diversify your portfolio and seize opportunities across sectors.

The stock market is a dynamic ecosystem, and staying informed is crucial. Whether you’re a seasoned investor or a curious observer, keep an eye on the trends, adapt your strategies, and navigate the financial landscape with confidence.

Remember, the market is like a river—sometimes calm, sometimes turbulent—but always flowing toward new horizons.


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