5 Things to Know Today — June 19, 2026
Oil eases off war-driven highs, insolvencies hit a 17-year peak, and the CUSMA clock is ticking — here's your Canadian money briefing for Thursday. 1. 🛢️ Oil Slips Below $77 — But Don't Expect a Big Break at the Pump Yet Crude oil climbed back above $77 USD per barrel this morning after planned U.S.–Iran talks in Switzerland were cancelled by the Swiss Foreign Ministry — a reminder that the ceasefire deal struck last week is far from rock-solid. That said, the broader picture is improving: WTI is on track for its steepest weekly decline in months as conditions in the Strait of Hormuz gradually normalize following the interim peace agreement. The U.S. Central Command has lifted shipping restrictions from Iranian coastal waters, and tanker traffic is slowly resuming. What it means for you: Lower crude prices will eventually filter through to Canadian gas stations, but energy analysts caution that supply chains need weeks to months to fully unwind. Brent fell back to roughly $83...
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