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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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Tensions Flare as Syria Accuses Israel of Seizing Territory Near Mount Hermon Amid Peace Talks

 

Israeli soldiers ride in a military vehicle along the ceasefire line with Syria and the Israeli-occupied Golan Heights, as seen from the Golan Heights last December


Syria’s foreign ministry has accused Israel of sending 60 soldiers across the border to take control of a strategic area near Mount Hermon, calling the move a violation of its sovereignty and a “direct threat” to regional peace.

The incident reportedly occurred near a hilltop overlooking Beit Jinn, close to the Lebanese border — an area long associated with arms smuggling by Hezbollah and Palestinian factions. Syrian officials say six Syrians were arrested during the operation, while the Israeli military claims it was targeting weapons depots and seized RPGs, rifles, and explosives.

The escalation comes as both nations engage in US-mediated talks aimed at de-escalating tensions in southern Syria. Damascus hopes these negotiations could lead to a broader security arrangement, but the latest developments risk undermining progress.

Israel has maintained a military presence on Mount Hermon since the fall of Bashar al-Assad in December 2024, citing the need to protect the Druze minority in southern Syria and to prevent hostile groups from gaining a foothold near its borders.

With both sides trading accusations and no immediate comment from Israeli officials on the latest claims, the standoff underscores the fragility of ongoing diplomatic efforts.

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