Trade War Meets Oil Whiplash: Canada Faces Trump's USMCA Indifference and Iran-Driven Energy Spike

Canadian energy producers are printing money as crude oil surges $5.80 to $85.06 — a 7.32% jump — following renewed US-Iran hostilities in the Middle East. The TSX Capped Energy Index climbed +2.93% to 425.79, bucking the broader market sell-off. For Alberta's oil sands and Canadian natural gas exporters, this is the kind of price environment that fills provincial coffers and supports energy-sector employment. Glencore's $3.3 billion first-half trading...