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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 ...

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Trump’s Tariff Threat: Canada as the 51st State?

 

In a controversial twist amid escalating trade tensions, President Donald Trump has again directed his ire at Canada. In a post on his Truth Social platform on Sunday, Trump claimed that the United States spends “hundreds of Billions of Dollars” subsidizing Canada and argued that without this subsidy, Canada “ceases to exist as a viable country.” He went on to suggest that Canada should simply join the United States as its “cherished 51st state,” touting benefits such as much lower taxes and superior military protection, and promising an end to tariffs on Canadian goods. 

The remark comes on the heels of the imposition of 25% tariffs on imports from Canada (and Mexico), a move aimed at curbing issues like illegal immigration and drug trafficking across the border. In response, Canada has retaliated with its own tariff measures, and Prime Minister Justin Trudeau has firmly rejected any notion of statehood, emphasizing that Canada’s sovereignty is non-negotiable.

Economic analysts warn that such aggressive tariff policies could lead to higher prices for American consumers and disrupt long-established trade relationships in North America. As trade partners brace for a prolonged dispute, critics dismiss Trump’s suggestion as little more than political theater designed to rally his base rather than a feasible policy shift.

The unfolding trade war continues to raise questions about the future of North American economic relations and whether such bold proposals could ever move beyond the realm of rhetoric.

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