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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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US Claims Russian Air Defenses Downed Azerbaijani Plane

                                         

The United States has suggested that Russian air defenses may have been responsible for the downing of an Azerbaijan Airlines plane that crashed in Kazakhstan earlier this week. The Embraer 190 aircraft, which was en route from Baku to Grozny, crashed near Aktau, killing 38 people and injuring all 29 survivors.

According to White House national security spokesman John Kirby, early indications point to the possibility that the plane was brought down by Russian air defense systems. Kirby emphasized that the U.S. has seen some evidence supporting this theory but declined to provide further details, citing an ongoing investigation.

Azerbaijan's Minister of Digital Development and Transportation, Rashad Nabiyev, also suggested that the plane was subjected to "external interference" before the crash. Survivors reported hearing loud noises and explosions while the aircraft was circling over Grozny.

The Kremlin has yet to respond to these claims, with Russian officials stating that it is premature to draw conclusions before the investigation is complete.

The incident has raised tensions between Azerbaijan and Russia, with Azerbaijan pausing flights to several Russian cities citing potential flight safety risks.

As the investigation continues, the international community awaits further clarity on the circumstances surrounding this tragic event.


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