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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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Trump Taps Fox News Host and Loyalists for Top White House Positions

 

President-elect Donald Trump has announced several key appointments for his upcoming administration, including the selection of Fox News host Pete Hegseth as Secretary of Defense. Hegseth, a decorated Army veteran and outspoken supporter of Trump, has been a prominent figure on Fox News and is known for his conservative views.

In addition to Hegseth, Trump has chosen other loyalists for top positions. Florida Congressman Michael Waltz has been named National Security Adviser, bringing his experience as a former Green Beret and counterterrorism adviser. South Dakota Governor Kristi Noem will serve as Secretary of Homeland Security, despite her lack of direct experience in national security.

These appointments reflect Trump's preference for loyalty and alignment with his "Make America Great Again" agenda. Critics argue that the selection of media personalities and political loyalists over seasoned experts could lead to challenges in governance and policy implementation.

As Trump prepares to take office, the nation watches closely to see how these new appointments will shape his administration and impact U.S. domestic and foreign policies.

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