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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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Your lookahead horoscope: December 28, 2025

 

IF TODAY IS YOUR BIRTHDAY

You may not be overly emotional by nature but there will be times this year when happy tears come easily to you. You will get as much enjoyment, if not more, from what loved ones accomplish as from what you achieve for yourself.

ARIES (March 21 - April 20):

Sometimes you can be too confident for your own good and the planets warn that could be a problem over the coming week. No matter how successful and popular you may be it’s still a good idea to be aware of your limits.

TAURUS (April 21 - May 21):

You may want to believe what a friend or work colleague is telling you but a nagging voice at the back of your mind warns you need to take care. It’s unlikely they are trying to trick you but it could be that someone has already tricked them.

GEMINI (May 22 - June 21):

It may seem as if you are no longer in control of your affairs but that is far too pessimistic an outlook. Even if you are being moved in a direction not of your own choosing it is highly likely to be the right thing for you.

CANCER (June 22 - July 23):

If a colleague tries to get you to take on extra work over the next few days you must tell them in no uncertain terms that it isn’t going to happen. You know from long experience that you won’t get anything worthwhile in return. No more free lunches!

LEO (July 24 - Aug. 23):

Don’t waste your time trying to keep up with colleagues who charge from A to B with no thought for their or other people’s safety. As a fire sign you can be a bit impulsive yourself at times but on this occasion you must plan ahead.

VIRGO (Aug. 24 - Sept. 23):

The sun and Mars in the most dynamic area of your chart is doing wonders for your confidence, and long may it continue, but your ruling planet Mercury urges you not to get carried away. Move toward 2026 at a steady pace.

LIBRA (Sept. 24 - Oct. 23):

You may be inclined to say what you think and worry about the consequences later but the planets warn that could cause a lot of unnecessary friction, especially on the home front. When dealing with loved ones always think before you speak.

SCORPIO (Oct. 24 - Nov. 22):

Mercury in the financial area of your chart is at odds with Saturn over the next few days, so you cannot afford to take risks with your money. Put off buying anything that is not absolutely essential until well into the new year.

SAGITTARIUS (Nov. 23 - Dec. 21):

Are you taking a situation, or maybe something you possess, for granted? If so, you could be in for a shock this week when it is taken away from you. Even if it is only a temporary loss it is still a reminder that nothing lasts forever.

CAPRICORN (Dec. 22 - Jan. 20):

There are so many wonderful things going on in your world right now that you could easily start to believe the good times will never end. Be sensible and recognize that feeling for what it is – wishful thinking. You must stay grounded.

AQUARIUS (Jan. 21 - Feb. 19):

There may be one or two moments when you doubt what you are doing as the old year comes to a close but they will soon be forgotten as you face up to new challenges in 2026. Your outlook is exceedingly good, so don’t waste time worrying.

PISCES (Feb. 20 - Mar. 20):

If you run around doing things for other people over the next few days you could easily exhaust yourself. The more rest you get during the early part of the week the more charged with energy you will be to enjoy the new year festivities.


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