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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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Senate Strikes Deal to End Shutdown Amid Democratic Divisions

 

Sen. Angus King (I, Maine), Sen. Maggie Hassan (D, N.H.), Sen. Catherine Cortez Masto (D, Nev.), Sen. Jeanne Shaheen (D, N.H.), and Sen. Tim Kaine (D, Va.), at a news conference at the U.S. Capitol on Nov. 9, 2025.

In a late-night breakthrough, U.S. senators reached a bipartisan agreement to end the government shutdown, averting further disruption to federal services and workers. The deal, forged after days of tense negotiations, will fund the government through the coming months while setting the stage for broader debates on spending and immigration policy.

While the agreement drew relief from many lawmakers eager to restore normal operations, it also exposed fractures within the Democratic caucus. Some members supported the compromise as a pragmatic step forward, while others criticized it as a retreat from key priorities. The split highlights the challenges Democrats face in balancing progressive demands with the realities of divided government.

Republican leaders hailed the deal as proof that bipartisan cooperation remains possible, even in a polarized climate. Yet with larger budget battles looming, the truce may prove temporary, leaving both parties bracing for renewed clashes in the months ahead.


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