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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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Retiring with a Mortgage: A Realistic Guide for Mid- and Late-Life Homebuyers

 

Buying a home later in life can feel like swimming against the current of conventional financial wisdom. The classic retirement dream—owning a paid-off home, living mortgage-free, and enjoying financial freedom—may not align with the reality for many mid- or late-life buyers. But with thoughtful planning, it's still possible to retire comfortably while managing a mortgage.

Rethink the Retirement Timeline

  • Retirement isn't one-size-fits-all: Many people now work part-time or freelance into their 60s and 70s. A flexible retirement plan can accommodate mortgage payments.
  • Delay retirement strategically: Working a few extra years can boost savings, increase pension benefits, and reduce the strain of mortgage obligations.

Budget for the Long Haul

  • Include housing costs in retirement planning: Factor in mortgage payments, property taxes, insurance, and maintenance.
  • Avoid overextending: Choose a home that fits your lifestyle and budget—not just your dreams.

Consider Mortgage Options

  • Shorter-term loans: A 15-year mortgage may offer lower interest rates and help you pay off the home faster.
  • Reverse mortgages: For those 62+, this can convert home equity into income, though it’s not without risks.
  • Refinancing: Locking in a lower rate or adjusting the term can ease monthly payments.

Protect Your Future

  • Emergency fund: Keep a cushion for unexpected expenses like medical bills or home repairs.
  • Insurance and estate planning: Ensure your home and heirs are protected with adequate coverage and a clear will.

Think Beyond Ownership

  • Renting may be wiser: In some cases, renting can offer more flexibility and fewer financial burdens.
  • Downsizing: A smaller, more affordable home can free up cash and reduce upkeep.

Retirement with a mortgage isn’t a failure—it’s a modern reality. With smart choices and realistic expectations, mid- and late-life homebuyers can still build a secure and fulfilling retirement.

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