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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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Canadian-Made Armoured Vehicles in Sudan Spotlight Global Arms Oversight Gaps


Armoured personnel carriers manufactured by Streit Group — a company owned by Canadian businessman Guerman Goutorov — have been spotted in Sudan’s conflict zones, raising questions about the role of foreign businesses in sustaining military regimes.

The tan-coloured Cougar vehicles, equipped with mounted machine guns, have been deployed in Khartoum by Sudan’s ruling military council, which seized power in a coup. Their presence comes despite Canada’s long-standing sanctions prohibiting the export of military and paramilitary equipment to Sudan.

Critics argue that loopholes in Canadian regulations allow companies to bypass these restrictions by producing equipment in overseas factories, beyond Ottawa’s direct jurisdiction. This has fuelled accusations of hypocrisy, as Canada has publicly called for a transition to civilian rule while Canadian-owned firms have supplied vehicles used to maintain military control.

The controversy underscores a broader debate over how effectively countries can regulate their corporations’ activities abroad, especially when those activities intersect with human rights concerns in volatile regions.

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