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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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Israel’s 12-Day Air Campaign Delivers Major Blow to Iran’s Nuclear Program, Official Claims

In the aftermath of a 12-day military campaign, a senior Israeli official has claimed that Israel’s air force killed over 30 Iranian security chiefs and 11 nuclear scientists, striking more than 900 targets across Iran. The operation, which began on June 13, was described as a strategic effort to cripple Iran’s nuclear capabilities and missile infrastructure.

According to the official, the opening strike severely damaged Iran’s aerial defenses, giving Israel a critical early advantage. The campaign reportedly neutralized Iran’s ability to enrich uranium to weapons-grade levels and disrupted its capacity to produce a nuclear weapon core.

Iran, which denies pursuing nuclear weapons, responded with missile barrages targeting Israeli military sites and cities. While Iranian authorities reported 627 deaths, including top commanders and civilians, Israeli officials stated that 28 people were killed in Israel during the conflict.

The war concluded with a U.S.-brokered ceasefire. In Tehran, massive funeral processions were held for the fallen, including high-ranking Revolutionary Guard leaders and nuclear scientists, underscoring the scale of the losses.

The long-term implications of the strikes remain uncertain, but Israeli defense leaders have signaled intentions to maintain air superiority and prevent Iran from rebuilding its nuclear and missile programs.

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