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Oil Prices Spike to a 4-Year High — What It Means for Canadian Households

Rising crude prices are pushing fuel costs to levels not seen in years — with ripple effects across the Canadian economy. Replace with your featured image before publishing. From the pump to the grocery aisle, rising crude prices are reshaping household budgets across the country. Here's what's happening, why it matters, and how to protect your wallet. MoneySavings.ca Editorial · May 9, 2026 · 7 min read · 🇨🇦 Canadian Edition R E G U L A R $2.19 PER LITRE +50% 🍁 CANADIAN ENERGY PRICE IMPACT · MAY 2026 Rising crude prices are pushing fuel costs to levels not seen in years — with ripple effects across the Canadian economy. Replace with your featured image before publishing. +50% Oil Price Rise Since Conflict Began +35¢ Average Gas Price Jump Per Litre ~$500 Estimated Extra Annual Cost Per Household If you've pulled into a gas station lately and felt the urge to do a double-take at the price board, you're not alone. Oil prices have surged to their highest levels in fou...

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Trump's Day One Agenda: Sweeping Changes on the Horizon*

As Donald Trump prepares to be sworn in for his second term as President of the United States, he has laid out an ambitious agenda for his first day back in office. Trump has promised to issue a series of executive orders that will have far-reaching impacts on immigration, trade, and government structure.

One of the most significant changes Trump has pledged is the launch of the largest deportation program in American history, targeting undocumented immigrants. He has also vowed to end birthright citizenship, a move that would likely face significant legal challenges.

On the trade front, Trump plans to impose substantial tariffs on goods from Mexico, Canada, and China. He has proposed a 25% tariff on all Mexican and Canadian goods and a 60% tariff on Chinese goods. Additionally, Trump has mentioned the creation of an "External Revenue Service" to collect tariffs and other foreign fees.

Trump's agenda also includes issuing potentially thousands of pardons, including for those involved in the January 6th Capitol attack. He has indicated that these actions will begin shortly after his inauguration, setting the tone for a presidency marked by swift and decisive action.

As Trump returns to the Oval Office, his day-one promises signal a dramatic shift in policy and governance, reflecting his commitment to fulfilling his campaign pledges and solidifying his legacy.



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