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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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Your daily horoscope: August 11, 2025

 

IF TODAY IS YOUR BIRTHDAY

The time for doubt is over – now you must go after your No. 1 goal with total commitment and total self-belief. The planets indicate you have what it takes to reach the top of the mountain you most want to conquer, so get climbing!

Aries (March 21 - April 20):

Something you have been held back from working on in recent weeks can now start moving ahead again, but you must take your time and get it right or there could be more hold-ups in future. Take big steps but take them slowly.

Taurus (April 21 - May 21):

You may not agree with a loved one’s plans but don’t discourage them. If they seem determined to give it a go then do what you can to help them and, most importantly, be there to catch them if they take an unexpected fall.

Gemini (May 22 - June 21):

Now that your ruler Mercury is moving in your favour again you won’t find it hard to come up with new ideas. The only danger is you may have so many of them that they start getting in the way of each other. Be selective in your endeavours.

Cancer (June 22 - July 23):

Cosmic activity in the financial area of your chart will encourage you to believe that you can pay off your debts AND start making some serious money. What is your favourite creative idea? Make that your one and only focus over the coming week.

Leo (July 24 - Aug. 23):

Now that mind planet Mercury is ending its retrograde phase the doubts that have been holding you back will disappear as if by magic. The more others say your dreams are really just fantasies the more determined you will be to prove them wrong.

Virgo (Aug. 24 - Sept. 23):

You may have struggled in recent weeks to work out what is going on in the world around you but over the next few days the picture will become clearer. Remind yourself often that there is a reason for everything that happens in life.

Libra (Sept. 24 - Oct. 23):

Efforts you made a month or so back will start to pay dividends now that Mercury is ending its retrograde phase. You will also discover that people you thought were acting against you were in fact acting for you in a very big way.

Scorpio (Oct. 24 - Nov. 22):

Honesty will be the best policy on the work front today, especially when dealing with people whose status gives them the kind of power that you clearly lack. You may be a fighter by nature but you don’t have to make an enemy of everyone!

Sagittarius (Nov. 23 - Dec. 21):

You will now get the opportunity to prove that your critics were wrong and that you do have what it takes to make a name for yourself. You’ve had a lot of time to think over the past few weeks, now you must get on and act.

Capricorn (Dec. 22 - Jan. 20):

Is a friend or loved one keeping important things from you? According to the planets you think they are but you need to be extra careful before making accusations. How confident are you that the information you have about them is accurate?

Aquarius (Jan. 21 - Feb. 19):

Something that has been worrying you for weeks will no longer be a cause for concern. Looking back you will realize there was no reason why you should have been worried about it in the first place. Next time, be more positive in your outlook.

Pisces(Feb. 20 - Mar. 20):

You won’t lack for ideas today and with mind planet Mercury moving in your favour again you can be confident that some of those ideas will be worth pursuing. Don’t go after them in a mad rush though – take your time and do it right.

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