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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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Trudeau Announces $1 Billion National School Food Program to Support Canadian Kids

 

Prime Minister Justin Trudeau, alongside Finance Minister Chrystia Freeland and Families Minister Jenna Sudds, has unveiled an ambitious initiative aimed at nourishing the future of Canadian children. The newly announced National School Food Program is set to provide meals to an additional 400,000 kids annually, going beyond existing school food programs.

The program, backed by a substantial $1 billion investment over five years, is a testament to Canada’s commitment to ensuring every child has access to nutritious meals. Trudeau emphasized that children deserve the best start in life, and this program aims to address the pressing issue of food insecurity faced by many Canadian families.

Impact and Goals

  • Peace of Mind for Parents: For moms and dads, the program offers peace of mind, knowing that their children are well-fed during school hours.
  • Healthy Meals for Kids: Children will benefit from healthy meals, which contribute to better learning outcomes, growth, and overall well-being.
  • Targeted Support: The program prioritizes vulnerable children, including those from lower-income families and racialized and Indigenous communities.
  • Collaboration with Provinces and Territories: Trudeau emphasized that the federal government will work closely with provinces, territories, and Indigenous partners to ensure effective implementation.

The lack of access to food disproportionately affects children from marginalized backgrounds. By getting healthy food onto the plates of growing kids, this program aims to level the playing field and set children up for success. Investments will also focus on First Nations, Inuit, and Métis communities, addressing some of the highest rates of food insecurity in Canada.

Trudeau’s announcement underscores the importance of investing in the well-being of our youth. As Canada continues to build an inclusive economy, the National School Food Program stands as a beacon of hope, ensuring that no child goes hungry while pursuing their education.


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