Skip to main content

Featured

U.S.–Iran Strikes Escalate: What It Means for Your Gas Bill and Savings

  ⚡ BREAKING · MAY 8, 2026 By MoneySavings.ca Editorial Team   |  May 8, 2026  |  5 min read The Strait of Hormuz, photographed from space. Approximately 20% of the world's oil supply passes through this narrow waterway. (Image: NASA / Public Domain) American warships were attacked in the Strait of Hormuz on May 7, 2026 — and the U.S. military fired back hard, striking Iranian ports at Qeshm and Bandar Abbas. For Canadians, this isn't just a distant war story. It's a pocketbook issue. 20% of global oil transits the Strait of Hormuz every day $94 projected WTI crude price per barrel if closure continues (CEPR, 2026) 5% of normal shipping traffic still moving through the Strait What Happened — and When The crisis didn't begin overnight. On February 28, 2026, the United States and Israel launched coordinated strikes against Iran, targeting nuclear infrastructure and senior military leadership — including Supreme Leader Ali Khamenei, who was killed in the strik...
Post a Comment
Read more

article

Labels

Trudeau Announces Significant Reduction in Immigration Targets

 

Prime Minister Justin Trudeau is set to announce a substantial decrease in Canada’s immigration targets for the coming years. This decision marks a significant shift from the government’s previous stance on immigration.

According to sources, the number of new permanent residents Canada will accept in 2025 is expected to drop to 395,000, down from the previously set target of 500,000. This reduction aims to address concerns about housing shortages, infrastructure strain, and the integration of new immigrants into Canadian society.

The announcement, which will be made later today, also includes plans to reduce the number of temporary residents for the first time. This move is seen as a response to growing public and political pressure to manage the country’s population growth more sustainably.

The government’s decision has sparked a range of reactions, with some praising the move as necessary for maintaining quality of life, while others criticize it as a step back from Canada’s tradition of welcoming immigrants.


Labels:

Comments

Post a Comment