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Global Markets Rattle as Oil Spikes and U.S. Futures Sink Amid Escalating Middle East Conflict

  Markets are sliding as geopolitical tensions intensify, with U.S. stock futures turning sharply lower and oil prices surging above the $100 mark. Investors are reacting to escalating conflict in the Middle East, which is raising fears of disrupted energy supplies and renewed inflation pressures.  Market Overview Dow Jones futures fell roughly 0.8% , extending a multi‑day downturn. S&P 500 and Nasdaq futures each slipped about 0.6% , paring earlier, deeper losses.  The declines reflect mounting investor anxiety as geopolitical risks overshadow recent economic data. Oil Surges on Supply Fears Crude oil spiked above $100 per barrel before easing slightly. The surge followed Iran’s expanded attacks on energy infrastructure , prompting Iraq to close key oil terminals after tanker strikes.  Higher oil prices are stoking concerns about inflation , complicating expectations for future Federal Reserve policy. What’s Driving the Selloff The widening Mi...
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Canada’s New $10 NSF Fee Cap Takes Effect, Cutting Costs for Millions

 

The federal government is capping non-sufficient funds fees at $10 starting March 12, reducing charges that can reach as high as $50.

New federal rules now cap non-sufficient funds (NSF) fees at just $10, offering major relief to Canadians who previously faced charges as high as $50. The changes, which took effect March 12, 2026, also limit how often banks can apply these fees and protect consumers from penalties on very small shortfalls. 


A Quick Look at the New Rules

  • NSF fees capped at $10 for personal deposit accounts nationwide.

  • No more than one NSF fee can be charged within two business days for the same account.

  • No NSF fee allowed if the account shortfall is under $10.

  • Previous NSF charges could reach $48–$50, making this a significant reduction.

Why This Matters

The federal government introduced these rules to ease financial pressure on Canadians, especially those living paycheque to paycheque. With more than one-third of Canadians incurring NSF fees annually, the new cap is expected to save households billions over the next decade. 

What Consumers Can Expect

  • Lower monthly banking costs
  • Fewer repeat penalties
  • More predictable and transparent fee structures


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