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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Nine Wealthy Families and Foundations Pledge $405 Million for Canadian Climate Action

In a landmark move, nine families and foundations have committed a staggering $405 million over the next decade to support climate action in Canada. This historic pledge, the largest philanthropic contribution to fight climate change in Canadian history, is part of the Climate Champions initiative.

The initiative aims to fund innovative projects that drive climate action and help Canada transition to a low-carbon economy. Among the major contributors are the Trottier Family Foundation, which pledged $150 million, and the Peter Gilgan Foundation, which committed $100 million. The Ivey Foundation also recommitted $100 million to the cause.

Sylvie Trottier, a board member of the Trottier Family Foundation, emphasized the urgency of the climate crisis and the need for bold, collective action. Luke Gilgan of the Peter Gilgan Foundation echoed this sentiment, highlighting the importance of supporting climate solutions.

The announcement coincides with ongoing U.N. climate meetings in Baku, Azerbaijan, where scientists continue to warn about accelerating global warming. The initiative aims to triple climate philanthropy in Canada to over $300 million annually by 2030.

This significant commitment underscores the growing recognition of the climate crisis and the role of philanthropy in driving meaningful change. It also serves as a call to action for other Canadian families and foundations to join the effort in supporting climate solutions.


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