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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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Larry Summers Retreats from Public Life Amid Epstein Email Fallout

 

  Larry Summers, professor at Harvard University, during an interview in New York, on Sept. 17, 2025.


Larry Summers, former U.S. Treasury Secretary and ex-president of Harvard University, announced he will step back from public engagements following the release of thousands of emails linking him to convicted sex offender Jeffrey Epstein. Summers described himself as “deeply ashamed” of his actions, acknowledging the pain caused by his continued communication with Epstein long after the financier’s 2008 conviction.

The House Oversight Committee recently published more than 20,000 documents from Epstein’s estate, including extensive correspondence between Summers and Epstein. The emails revealed that their relationship persisted until at least 2019, just before Epstein’s arrest on sex trafficking charges. In some exchanges, Epstein attempted to connect Summers with influential global figures, while Summers sought advice on personal matters.

Summers issued a statement saying he will continue teaching at Harvard but will pause all public commitments as part of an effort to “rebuild trust and repair relationships with the people closest to me.” His decision comes amid mounting calls from lawmakers and activists for institutions to sever ties with him. Senator Elizabeth Warren has publicly urged Harvard and other organizations to reconsider their association with Summers.

The revelations have intensified scrutiny of Epstein’s extensive network of powerful acquaintances, reigniting debates about accountability and transparency in elite institutions. Summers’ retreat underscores how the fallout from Epstein’s crimes continues to reverberate years after his death, ensnaring figures who maintained ties with him despite his criminal record.

In summary: Summers’ admission of shame and his withdrawal from public life highlight the enduring impact of Epstein’s legacy and the reputational risks for those who remained connected to him.

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