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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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Wall Street Gains on Anticipation of Inflation Report and Fed Chair’s Event

 

Ahead of crucial inflation data and a public event by Federal Reserve Chair Jerome Powell, Wall Street saw a rise in premarket trading on Wednesday. Investors are keenly awaiting Friday’s inflation report, which the Fed will closely monitor for its next rate policy decision. Powell’s subsequent webcast discussion at the Federal Reserve Bank of San Francisco is expected to provide insights into potential rate cuts, with speculation of a reduction as early as May.

The U.S. economy has shown resilience despite higher interest rates aimed at controlling inflation, with the S&P 500 on track for its fifth consecutive winning month after a 9% surge this year. However, recent reports suggest a bumpier path in reducing inflation, with some costs exceeding expectations.

Amidst this economic backdrop, Trump Media & Technology Group’s shares soared after its IPO, despite financial losses and limited user growth. Meanwhile, global shares, particularly in Japan, were influenced by the yen’s decline to a 34-year low, prompting discussions among Japan’s monetary authorities.

Investors remain cautious as they consider whether the market has become overvalued after its recent rally, and analysts emphasize the need for broader profit growth to sustain current stock prices.

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