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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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Fireworks from Yacht Spark Forest Fire in Greece: 13 Arrested

 

Thirteen crew members and passengers have been arrested in Greece after fireworks launched from a yacht allegedly sparked a forest fire on the island of Hydra. The blaze, which occurred on Saturday, burned through the island’s only pine forest in the remote area of Bisti.

Despite the challenging conditions, firefighters managed to bring the flames under control. Accessing the beach by sea and using helicopters to drop water from the air, they successfully contained the fire. However, the incident has caused outrage in Greece, especially given the ongoing wildfires and the country’s first heatwave of the year.

Hydra’s mayor, Giorgos Koukoudakis, expressed indignation, stating, “We are indignant that some people so irresponsibly throw fireworks into a pine forest.” Social media users have also criticized the yacht’s passengers, with one person describing them as “rich people with more money than brains.”

Greece remains on high alert for wildfires, and authorities are preparing for a challenging summer due to dry conditions, strong winds, and high temperatures. Last Friday, a volunteer firefighter tragically lost his life while battling a fire in the southern region of Ilia on the Peloponnese peninsula. Scientists attribute the increasing frequency and intensity of extreme weather events, including heatwaves, to climate change. Additionally, Greece has grappled with arsonists, with stricter laws now in place to combat such behavior.


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