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Iran's War Threat & Your Wallet: What Rising Oil Means for Canadians

If you've noticed gas prices climbing again, there's a reason — and it has nothing to do with your local station. On May 20, 2026, Iran's Revolutionary Guards issued a stark warning: if the United States launches another military strike, the conflict will extend "beyond the region." For everyday Canadians, that sentence carries a very real price tag. 💡 Quick summary for busy readers Iran has threatened to spread war beyond the Middle East if the US resumes bombing. The Strait of Hormuz — the world's most critical oil chokepoint — remains largely shut, pushing Brent crude close to $110 a barrel . That means higher gas, higher groceries, and higher heating bills for Canadians. What is actually happening right now? Six weeks ago, US President Donald Trump paused Operation Epic Fury — a US–Israeli military campaign against Iran — in exchange for a ceasefire. But peace talks have largely stalled. Iran has submitted new terms that the US has repeatedly rejected, ...
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Ontario Begins Issuing $200 Taxpayer Rebates

The Ontario government has started mailing out $200 rebate cheques to eligible taxpayers. This initiative aims to provide relief from the high cost of living, including the federal carbon tax and high interest rates. 

Finance Miister Peter Bethlenfalvy stated, "With Ontario families struggling due to the federal carbon tax, high interest rates, and global economic uncertainty, our government is stepping up as part of our ongoing work to keep costs down and help families make ends meet."

To qualify for the rebate, residents must have been 18 years or older and a resident in Ontario on December 31, 2023, not be bankrupt or incarcerated in 2024, and have filed a 2023 Income Tax and Benefits Return by December 31, 2024. Families receiving the Canada Child Benefit (CCB) will also get an additional $200 for each eligible child under 18.

The cheques are expected to reach families over the coming weeks, providing much-needed financial support during these challenging times.



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