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Oil Prices Spike to a 4-Year High — What It Means for Canadian Households

Rising crude prices are pushing fuel costs to levels not seen in years — with ripple effects across the Canadian economy. Replace with your featured image before publishing. From the pump to the grocery aisle, rising crude prices are reshaping household budgets across the country. Here's what's happening, why it matters, and how to protect your wallet. MoneySavings.ca Editorial · May 9, 2026 · 7 min read · 🇨🇦 Canadian Edition R E G U L A R $2.19 PER LITRE +50% 🍁 CANADIAN ENERGY PRICE IMPACT · MAY 2026 Rising crude prices are pushing fuel costs to levels not seen in years — with ripple effects across the Canadian economy. Replace with your featured image before publishing. +50% Oil Price Rise Since Conflict Began +35¢ Average Gas Price Jump Per Litre ~$500 Estimated Extra Annual Cost Per Household If you've pulled into a gas station lately and felt the urge to do a double-take at the price board, you're not alone. Oil prices have surged to their highest levels in fou...
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Cardinals Prepare for Papal Conclave Amid Calls for Unity

The Vatican has announced that the conclave to elect the next pope will commence on May 7. This decision follows the funeral of Pope Francis, who led the Roman Catholic Church for 12 years before his passing on April 12. 

The College of Cardinals, comprising 135 electors under the age of 80, will gather in the Sistine Chapel for the secretive voting process. A two-thirds majority is required to elect the new leader of the Church, which has an estimated 1.4 billion followers worldwide. 

In the days leading up to the conclave, cardinals from diverse corners of the globe are engaging in informal meetings to foster familiarity and consensus. Many of these cardinals were appointed by Pope Francis and have had limited opportunities to interact, adding an element of unpredictability to the proceedings. 

The conclave is expected to reflect the Church's ongoing dialogue between progressive and conservative factions. While some cardinals emphasize continuing Francis' focus on social justice, others advocate a return to traditional doctrines. 

The conclave's outcome will shape the future direction of the Church, as cardinals navigate the delicate balance of unity and diversity within its leadership. 

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