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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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Tax Season: How to Spot Scams and Keep Your Money Safe


As the tax deadline approaches, so do the scams. Fraudsters are becoming increasingly sophisticated in their tactics to steal personal information and money. Here are some valuable tips to help you stay safe:

  1. Beware of Phishing Emails and Calls:

    • Phishing emails: Be cautious of unsolicited emails claiming to be from the Canada Revenue Agency (CRA). These emails often contain malicious links or attachments. Never click on suspicious links or provide personal or financial information.
    • Phone scams: Scammers may call, pretending to be CRA agents, demanding urgent payments. They might threaten legal action or claim you owe money. Remember that the CRA will never ask for payments via Interac e-Transfer, bitcoin, prepaid credit cards, or gift cards.

  2. Ask Yourself Key Questions:

    • Is the communication threatening or urgent?
    • Does it request payment in unusual forms (e.g., bitcoin or gift cards)?
    • Is the sender or caller claiming to be from the CRA?
    • Trust your instincts and verify before taking any action.

  3. Stay Informed:

    • Keep up-to-date with CRA scam alerts. The CRA regularly shares information about common scams targeting taxpayers. Being aware of these can help you avoid falling victim to fraud.

Remember, protecting your personal information during tax season is crucial. Stay vigilant, and if something seems suspicious, verify its legitimacy before taking any action. Your financial safety matters! 


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