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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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Hostage Fears Mount as Israeli Tanks Roll into Deir Al-Balah

 

Israeli tanks entered the southern and eastern sectors of Deir Al-Balah in central Gaza on Monday, marking the first ground incursion into the area since the conflict began. The move has sparked alarm among families of hostages believed to be held in the densely populated city, which is sheltering thousands of displaced Palestinians.

The Israel Defense Forces (IDF) stated that the operation targets Hamas militants and aims to dismantle terrorist infrastructure. However, the timing and location of the assault have raised concerns, as Israeli intelligence suggests that at least 20 of the remaining 50 hostages in Gaza may be alive and possibly located in Deir Al-Balah.

Tank shelling reportedly struck eight homes and three mosques, killing at least three Palestinians and injuring several others. The bombardment forced dozens of families to flee westward toward the coast and nearby Khan Younis, where an earlier airstrike killed five civilians, including two children.

Humanitarian agencies warn that the escalation could further destabilize ceasefire negotiations mediated by Qatar and Egypt. Meanwhile, Gaza’s health ministry reports a worsening hunger crisis, with 19 deaths from starvation since Saturday and hospitals on the brink of collapse due to shortages of food, fuel, and medicine.

As the military campaign intensifies, families of hostages are demanding clarity on how their loved ones will be protected amid the chaos. The situation remains volatile, with growing international pressure to prioritize humanitarian aid and safeguard civilian lives.

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