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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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Trump at UN: Recognition of Palestine a “Reward” for Hamas

US President Donald Trump delivers remarks to the UN General Assembly at UN headquarters in New York City on September 23, 2025.

Speaking before the United Nations General Assembly in New York, U.S. President Donald Trump sharply criticized recent moves by several Western nations to recognize Palestinian statehood. He argued that such recognition amounts to “rewarding Hamas” for the October 7, 2023 attacks on Israel and would only encourage further conflict.

Trump insisted that peace efforts should instead focus on the immediate release of hostages still held in Gaza. “Those who want peace should be united with one message: release the hostages now,” he told world leaders, drawing applause from parts of the chamber.

The president also called for an immediate end to the war in Gaza, while placing blame on Hamas for rejecting ceasefire proposals. He reiterated that the U.S. would not support unilateral recognition of Palestinian statehood, warning that it would embolden militant groups rather than advance peace.

Trump’s remarks came as more than 150 UN member states have now formally recognized Palestine, including Canada, the UK, France, and Australia. Supporters of recognition argue it strengthens the two-state solution and isolates Hamas, while critics—echoing Trump’s stance—say it undermines negotiations and rewards violence.


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