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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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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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