Oil Surge, Tariff Threat, and Housing's First Bright Spot Converge on Canada

$91.00 a barrel — Brent crude's Tuesday spike to its highest level this month, driven by the collapse of the U.S.-Iran ceasefire and the closure of the Strait of Hormuz, a chokepoint for 20% of global oil supply. For Canada's energy sector, it's a double-edged sword: a potential revenue boost for producers, but a fresh inflationary spark for the Bank of Canada to weigh.

Money Moves

• Bank of Canada holds steady — Economists at CIBC say there's "nothing...