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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 Orders Expansion of Migrant Facility at Guantanamo Bay

In a move that has sparked significant debate, President Donald Trump announced on Wednesday that he will sign an executive order instructing the Pentagon and the Department of Homeland Security to prepare a migrant facility at Guantanamo Bay. This directive aims to expand the existing Migrant Operations Center to full capacity, providing additional detention space for high-priority criminal aliens unlawfully present in the United States.

Trump's announcement came during the signing ceremony for the Laken Riley Act, an immigration detention measure. He emphasized the need to halt what he described as a "border invasion" and mentioned that the facility at Guantanamo Bay has 30,000 beds to detain the worst criminal illegal aliens. Homeland Security Secretary Kristi Noem supported the move, stating that resources could be established for the "worst of the worst" at Guantanamo Bay.

The decision to use Guantanamo Bay, a site historically associated with the detention of terrorism suspects, has raised eyebrows and concerns among various officials and human rights advocates. The facility, which became a detention site in 2002 under President George W. Bush, has been a contentious issue for years, with former Presidents Joe Biden and Barack Obama both attempting to shut it down during their terms.

The announcement has caught many officials at the Pentagon off guard, with some expressing uncertainty about the number of beds currently available for migrants and whether this would be a short- or long-term mission. The move is part of Trump's broader efforts to crack down on illegal immigration, which has been a central theme of his political career.


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