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Ottawa's Parliament Hill, where the Carney government is rolling out Canada's largest fiscal stimulus package since 1980. / Photo: Unsplash. MoneySavings.ca  ·  Economy & Policy Monday, April 13, 2026  ·  Daily Edition Canada at a crossroads: oil shock, frozen rates, and a trade deal on the clock Canada's economy is navigating a uniquely complicated moment in 2026. A Middle East conflict has sent oil prices surging past US$104 a barrel, a once-in-a-generation fiscal stimulus package is being rolled out in Ottawa, and the clock is ticking on a renegotiation of Canada's most important trade agreement. For everyday Canadians, this means uncertainty at the gas pump, a central bank with limited room to cut rates, and a federal government betting big on public spending to kick-start growth. Here is what you need to know about the forces shaping the Canadian economy right now. 1. The Bank of Canada is stuck — and oil is why The Bank of Canada has held it...
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Canada’s Inflation Rate Eases to 2.8% in February

Canada’s annual inflation rate unexpectedly fell to 2.8% last month, marking a deceleration from the 2.9% increase recorded in January. The February consumer price index report, released by Statistics Canada, revealed several contributing factors to this slowdown.

  1. Grocery Prices: The easing of grocery prices played a significant role in the overall deceleration. Consumers experienced slower growth in food costs during February.

  2. Cellular and Internet Services: Sharp declines in cellular and internet services also contributed to the moderation in inflation. These essential services saw reduced price growth during the month.

While the easing inflation rate provides some relief, it remains essential to monitor economic indicators closely. The Bank of Canada continues to balance its monetary policy, considering both inflationary pressures and economic recovery.

As we navigate these fluctuations, Canadians can expect further updates on inflation trends. The unexpected dip to 2.8% in February underscores the need for vigilance in managing economic stability.


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