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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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Markets Rebound as U.S. Ceasefire Proposal to Iran Sparks Investor Optimism

 


U.S. stock futures surged early Wednesday as reports of a U.S.-backed ceasefire proposal to Iran boosted market sentiment and pushed oil prices sharply lower. Investors reacted positively to signs of potential de‑escalation in the Middle East, lifting Dow, S&P 500, and Nasdaq futures after a volatile week.

U.S. stock futures climbed on Wednesday following reports that Washington sent Iran a 15‑point ceasefire plan aimed at halting the ongoing conflict in the Middle East. The development injected cautious optimism into global markets, which have been rattled by geopolitical tensions in recent weeks. 

Futures tied to the Dow Jones Industrial Average and S&P 500 rose around 1%, while Nasdaq 100 futures jumped more than 1%, reversing some of the previous session’s losses. The shift in sentiment was amplified by a sharp retreat in oil prices—WTI crude fell over 5%, easing inflation concerns and improving the outlook for corporate margins. 

The reported ceasefire proposal, relayed through Pakistan, signals renewed diplomatic urgency from the U.S. administration. While Tehran has denied direct negotiations, markets responded favorably to any indication of reduced regional risk. Investors are now watching upcoming economic data, including import and export price figures, for further direction. 

Overall, the combination of geopolitical easing and falling energy prices helped restore confidence across major indices, offering a momentary reprieve from recent volatility.

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