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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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Trump Claims 48 Iranian Leaders Killed in Joint US‑Israel Strikes

US President Donald Trump told Fox News on Sunday that 48 leaders have been killed in U.S. and Israeli strikes on Iran.

U.S. President Donald Trump stated in multiple media interviews that 48 senior Iranian leaders were killed during ongoing joint U.S.–Israeli military strikes on Iran. He described the operation as moving “rapidly” and emphasized what he called unprecedented success, noting that the leaders were eliminated “in one shot.” 

The strikes are part of a broader campaign that U.S. officials have referred to as a major coordinated effort targeting Iran’s political and military leadership. Reports indicate that intelligence agencies had been monitoring high‑ranking Iranian officials for months, waiting for an opportunity to act. According to Trump, the operation is progressing ahead of schedule, with additional claims that Iran’s new leadership has already sought discussions with Washington. 

These developments come amid heightened regional tensions and follow reports of significant damage to Iranian naval assets, including the destruction of several ships. The situation continues to evolve as both U.S. and Israeli forces maintain pressure on Iranian command structures. 

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