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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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Cash vs. Card: Making Smart Payment Choices


In our increasingly digital world, the way we handle money has evolved. Cash transactions are on the decline, and plastic cards have become ubiquitous. But is paying by card always the best choice? Let’s explore the advantages and drawbacks of both methods.

The Case for Cards

  1. Safety and Security:

    • Carrying cash can be risky. If lost or stolen, it’s gone forever. In contrast, credit and debit cards offer better security. Most issuers provide fraud protection, and you can quickly report any unauthorized transactions.
    • Plus, cards eliminate the need to carry large sums of money, reducing the risk of theft.

  2. Rewards and Perks:

    • Credit cards often come with rewards programs. From cashback to travel points, using your card wisely can earn you valuable benefits.
    • Debit cards linked to rewards programs also exist, although they’re less common.

  3. Convenience and Tracking:

    • Swiping a card is faster than counting out bills and coins.
    • Card statements provide detailed records of your spending, making budgeting and tracking expenses easier.

The Cash Counterarguments

  1. Temptation and Overspending:

    • Cash is tangible. When you see it leaving your wallet, you’re more aware of your spending.
    • With cards, it’s easy to overspend. The abstract nature of electronic transactions can lead to impulsive purchases.

  2. Hidden Fees:

    • Some merchants charge extra for card payments (especially for small amounts). These fees can add up over time.
    • Additionally, credit cards may have annual fees or interest charges if you carry a balance.

  3. Privacy Concerns:

    • Every card transaction leaves a digital trail. If privacy is a priority, cash might be preferable.

Conclusion

In the end, there’s no one-size-fits-all answer. Consider your lifestyle, financial habits, and personal preferences. A mix of both cash and card usage might be the best approach.

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