The ongoing war in Iran and the closure of the Strait of Hormuz are impacting Canadian pocketbooks in ways we might not expect. Experts warn Canadian homeowners facing mortgage renewals that rates are going up, despite the Bank of Canada holding its key interest rate for months.

In some cars, a wiring issue with the seatbelt may cause the seatbelt indicator to say the belt in the third-row driver’s side seat is buckled, even when it’s not. Hyundai says it will notify affected drivers in writing, though drivers can also check if they are impacted by the recall online.

The pain at the pumps and the expected rise in inflation is a financial challenge for many as the cost of living continues to climb, but overall, the country is not nearly as exposed to the impacts of the energy crisis as many other countries.