Skip to main content

Featured

5 Things to Know Today: Oil Tops $108, CPI Day, and the Investment Summit Kicks Off

  Monday, September 14, 2026 A busy Monday for your wallet: oil has punched through $108 a barrel on a second Middle East supply shock, Statistics Canada's August inflation report lands this morning, and Toronto is hosting the country's first-ever Investment Summit. Here's what's moving and what it means for you. 1. Oil jumps to a 4-month high after Saudi pipeline shutdown Brent crude touched roughly $108 a barrel and WTI neared $103 on Monday after Saudi Arabia shut down its East-West pipeline — a 7-million-barrel-a-day route that bypasses the Strait of Hormuz — following drone strikes near Medina. A planned Oman meeting between Iran and Gulf states to de-escalate Hormuz shipping tensions was also postponed over the weekend, removing a near-term path to calm. Both benchmarks are now up roughly 9% over the past week alone, and some bank forecasts flag $120 oil as back on the table if disruptions persist. What it means for you: Pump prices, which had been easing thanks ...

article

Trump's Bold Claims on U.S. Independence from Canadian Resources

 

In a recent virtual address at the World Economic Forum in Davos, Switzerland, U.S. President Donald Trump made a series of bold statements regarding the United States' reliance on Canadian resources. Trump asserted that the U.S. does not need imports of oil, gas, vehicles, or lumber from Canada, citing the country's own abundant resources.

Trump's remarks come amid heightened tensions between the two nations over trade tariffs. He characterized the trade relationship as adversarial and unfair, blaming Canada's import policies for the U.S.'s trade deficit. Trump emphasized his administration's protectionist stance, suggesting that the U.S. should manufacture its goods domestically or face tariffs.

The comments have sparked widespread criticism from Canadian political leaders and industry experts. Alberta Premier Danielle Smith called for diplomacy over public threats of retaliation, highlighting the critical role of cross-border trade in the energy sector. Canadian energy analysts have also pushed back, arguing that the U.S. does, in fact, rely on Canadian crude oil for its refineries.

As the debate continues, the future of U.S.-Canada trade relations remains uncertain, with both sides navigating the complexities of economic interdependence and national interests.


Comments