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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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Britain Accused as Kremlin Blames UK for Deadly Strike in Bryansk

 

A fire burns in the aftermath of a Ukrainian strike on a Russian missile plant, in Bryansk, Russia in this screen grab from social media video

Britain is facing renewed scr.utiny after the Kremlin accused it of helping Ukraine carry out a deadly missile strike on the Russian city of Bryansk, escalating tensions in an already volatile conflict. 

The Kremlin has alleged that British specialists played a direct role in a Ukrainian missile strike on the Russian city of Bryansk, an attack that reportedly killed at least six civilians and injured dozens more. According to Russian officials, the strike was carried out using British-made Storm Shadow missiles, prompting Moscow to warn that it would “take Britain’s role into account” in future decisions. 

Local authorities in Bryansk described the incident as a “terrorist missile attack,” though they did not specify the exact target. Ukraine, however, stated that the strike hit a key facility involved in producing missile components—an assertion that contrasts sharply with Moscow’s claim that civilians were deliberately targeted. 

The accusation marks a significant escalation in rhetoric, as Russia continues to frame Western military support for Ukraine as direct involvement in the conflict. Britain has supplied Kyiv with Storm Shadow missiles since 2023, but Moscow’s latest claims suggest a shift toward portraying Western advisers as active participants rather than mere suppliers. 

As tensions rise, the incident underscores the increasingly complex and international dimensions of the war, with both sides trading accusations over responsibility and intent.

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