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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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Western Powers Urge Israel to Halt Potential Lebanon Ground Offensive

 

Smoke rises after an Israeli strike on Beirut's southern suburbs, following an escalation between Hezbollah and Israel amid the U.S.-Israeli conflict with Iran, Lebanon, March 10, 2026.

Western leaders are urging restraint as tensions escalate in Lebanon, warning that a large-scale Israeli ground offensive could trigger severe humanitarian fallout and prolong the conflict. Their joint message underscores growing international concern as violence between Israel and Hezbollah intensifies. 

Canada, France, Germany, the United Kingdom, and Italy have issued a unified warning against a major Israeli ground offensive in Lebanon, stressing that such an operation must be avoided due to the risk of catastrophic humanitarian consequences. In their joint statement, the leaders emphasized that a large-scale incursion could deepen regional instability and lead to a prolonged conflict at a time when Lebanon is already facing significant internal strain. 

The warning comes amid escalating clashes between Israel and Hezbollah, which intensified after Hezbollah launched attacks earlier this month. The militant group claims its actions were in retaliation for the killing of Iran’s Supreme Leader, an event that has further inflamed tensions across the region. Western governments are urging all parties to prioritize diplomacy and prevent Lebanon from being drawn deeper into the conflict. 


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