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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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Ontario Pulls Anti-Tariff Ads After Trump Halts Trade Talks

U.S. President Donald Trump says he’s terminating all negotiations with Canada, blaming an anti-tariff ad that was broadcast to American audiences. 

Ontario Premier Doug Ford has announced that the province will pause its controversial anti-tariff advertising campaign in the United States following a sharp backlash from President Donald Trump.

The ads, which aired during Major League Baseball World Series broadcasts, featured clips of former U.S. president Ronald Reagan warning against the dangers of tariffs. Trump denounced the campaign as “fake” and “egregious,” accusing Ontario of misrepresenting Reagan’s message. The Reagan Foundation also criticized the use of the footage, noting that permission had not been sought.

Trump’s anger over the ads led him to abruptly suspend Canada-U.S. trade negotiations, escalating tensions between Washington and Ottawa. In response, Ford said the campaign would be paused starting Monday to allow talks to resume.

While defending the ad’s message that tariffs harm both economies, Ford emphasized that Ontario’s priority is to restore dialogue and protect Canadian jobs. “Our intention was always to spark a conversation,” he said, “but we won’t let this stand in the way of trade discussions.”



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