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5 Things to Know Today — June 19, 2026

Oil eases off war-driven highs, insolvencies hit a 17-year peak, and the CUSMA clock is ticking — here's your Canadian money briefing for Thursday. 1. 🛢️ Oil Slips Below $77 — But Don't Expect a Big Break at the Pump Yet Crude oil climbed back above $77 USD per barrel this morning after planned U.S.–Iran talks in Switzerland were cancelled by the Swiss Foreign Ministry — a reminder that the ceasefire deal struck last week is far from rock-solid. That said, the broader picture is improving: WTI is on track for its steepest weekly decline in months as conditions in the Strait of Hormuz gradually normalize following the interim peace agreement. The U.S. Central Command has lifted shipping restrictions from Iranian coastal waters, and tanker traffic is slowly resuming. What it means for you: Lower crude prices will eventually filter through to Canadian gas stations, but energy analysts caution that supply chains need weeks to months to fully unwind. Brent fell back to roughly $83...
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Notorious Killer Paul Bernardo to Appear Before Parole Board of Canada

 

Paul Bernardo, one of Canada's most infamous serial killers, is scheduled to appear before the Parole Board of Canada today for a hearing. Bernardo, who has been denied parole twice in the past, is serving an indeterminate life sentence for the kidnapping, sexual assault, and murder of 15-year-old Kristen French and 14-year-old Leslie Mahaffy in the early 1990s near St. Catharines, Ontario.

The hearing will take place at the medium-security La Macaza Institution in Quebec, following his controversial transfer from a maximum-security Ontario prison last year. Tim Danson, the lawyer representing the French and Mahaffy families, has expressed frustration over the parole board's initial decision to deny the families the right to deliver their victim impact statements in person. Although the board later reversed this decision, the short notice has made it difficult for the families to arrange travel, resulting in only Mahaffy's mother attending in person while others will deliver their statements remotely.

Bernardo's crimes, which also include the manslaughter of his then-wife Karla Homolka's 15-year-old sister, Tammy, have left a lasting impact on the victims' families and the Canadian public. The parole board's decision today will be closely watched, as it could determine whether Bernardo will remain behind bars or be granted parole.



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