EconomyCanada’s oil windfall may yet erase its tariff losses

The roughly 0.5 per cent hit to Canada’s GDP from Donald Trump’s tariffs could be more than offset if oil prices rise above US$100 a barrel. Prices that fell over the summer have rebounded as peace recedes, while recent successes by Iran’s Houthi allies point to high prices lasting.

Canadaoil pricesTrump tariffs

CCBC News★★★☆☆2026-09-13 08:00Original