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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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NATO Chiefs to Convene Amid Rising Pressure for Ukraine Security Guarantees

 

                                            lags wave outside the Alliance headquarters in Brussels

NATO military leaders are set to meet virtually on Wednesday, August 20, to deliberate on the alliance’s evolving support for Ukraine as the war with Russia grinds on. The meeting, convened by Admiral Giuseppe Cavo Dragone, Chair of NATO’s Military Committee, will include top defense chiefs and a briefing from Supreme Allied Commander Europe, General Alexus Grynkewich.

The talks follow a flurry of high-level diplomacy, including a recent summit in Washington between Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and several European leaders. Discussions centered on a proposed framework of “Article 5-style” security guarantees, spearheaded by the French and British-led “Coalition of the Willing”.

While NATO as a whole is unlikely to commit troops due to Russian objections, individual member states are exploring bilateral commitments. Trump has made clear that U.S. troops will not be deployed to Ukraine, placing the onus on European allies such as France, Germany, and the U.K. to take the lead.

Zelensky emphasized that Ukraine’s own military strength and a robust package of American weapons—reportedly worth $90 billion—are key components of any future guarantees. As negotiations continue, NATO’s upcoming meeting is expected to shape the logistical and strategic contours of Western support for Kyiv in the months ahead.

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