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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 Grants 30-Day Reprieve on Auto Tariffs for Mexico and Canada


In a recent move, President Donald Trump has announced a 30-day pause on tariffs for auto imports from Mexico and Canada. This decision comes after requests from major automakers, including Ford, General Motors, and Stellantis, who argued that the tariffs would put them at a competitive disadvantage.

The temporary exemption is intended to give these companies time to shift production to the United States, where they will not be subject to tariffs. White House Press Secretary Karoline Leavitt stated that the ultimate goal is to boost domestic auto manufacturing and reduce reliance on foreign production.

While the reprieve offers some relief to the auto industry, it is only a temporary measure. The 25% tariffs on auto imports from Mexico and Canada are still set to go into effect on April 2, unless further exemptions are granted.

The decision has sparked mixed reactions. Some industry experts believe that the pause will provide much-needed breathing room for automakers, while others are concerned about the long-term impact on cross-border supply chains.

As the deadline approaches, the auto industry will be closely monitoring any further developments and potential negotiations between the U.S., Mexico, and Canada.



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