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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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Thousands Cheer at the 120th Toronto Santa Claus Parade, But Future Uncertain

Thousands of spectators lined the streets of Toronto on November 24, 2024, to witness the 120th annual Santa Claus Parade. The festive event featured colorful floats, marching bands, and of course, Santa Claus himself, bringing joy to both children and adults alike. Despite the celebration, organizers have expressed concerns about the parade's future due to rising costs and funding shortfalls.

Organizers have launched a GoFundMe campaign to raise $250,000 to cover the expenses of the parade. So far, they have managed to raise over $136,000, but more support is needed to ensure the beloved tradition continues. The city has committed some funds, and there is hope that federal support will also be forthcoming.

The parade's CEO, Clay Charters, emphasized the importance of the event to Toronto's community and economy, noting that it brings significant economic benefits to local businesses. Mayor Olivia Chow echoed this sentiment, calling the parade an essential part of Toronto's history and culture.

As the city waits for a Christmas miracle in the form of additional funding, the future of the Toronto Santa Claus Parade hangs in the balance.



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