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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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Zelensky Urges Trump for Missiles to Pressure Putin Toward Peace

                      President Trump, left, greets Ukraine's President Volodymyr Zelensky at the White House on Friday. 

Ukrainian President Volodymyr Zelensky met with U.S. President Donald Trump at the White House on Friday, pressing for the delivery of long-range Tomahawk missiles that he argued are essential to compel Russian President Vladimir Putin into serious peace negotiations.

Zelensky, accompanied by senior aides, framed the request as a decisive step to shift the balance of the war. “These weapons could bring Russia to the table,” he said, emphasizing that only increased military pressure would force Moscow to negotiate in good faith.

Trump, however, signaled hesitation. While acknowledging Ukraine’s urgent needs, he suggested that providing Tomahawks could risk escalating the conflict. “Hopefully they won’t need it,” Trump remarked, adding that he believed there was “momentum to finish the war” without resorting to such advanced weaponry.

The meeting came just a day after Trump’s phone call with Putin, during which the Russian leader warned against U.S. missile transfers to Kyiv. Trump also announced plans for a future summit with Putin in Budapest, raising questions about whether Washington’s diplomatic track might overshadow Kyiv’s military requests.

For Zelensky, the stakes remain high. With the war grinding on, he continues to argue that only stronger U.S. support—particularly in the form of long-range strike capabilities—can create the leverage needed to bring Russia to the negotiating table.


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