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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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Helicopter Carrying Iran’s President Suffers “Hard Landing” in Foggy Region

 

A helicopter carrying Iranian President Ebrahim Raisi, the country’s foreign minister, and other officials apparently crashed in the mountainous northwest reaches of Iran on Sunday. The incident occurred in a fog-shrouded forest near Jolfa, a city on the border with Azerbaijan, approximately 600 kilometers (375 miles) northwest of the Iranian capital, Tehran.

Details of the Incident

  • Who Was Onboard? President Raisi was traveling in Iran’s East Azerbaijan province. He was accompanied by Foreign Minister Hossein Amirabdollahian, the governor of Iran’s East Azerbaijan province, and other officials and bodyguards.
  • Weather Conditions: The crash occurred in heavy fog, complicating rescue efforts.
  • Contradictory Reports: While some sources referred to it as a “hard landing,” others used the term “incident.” State TV initially reported the crash near Jolfa but later placed it farther east near the village of Uzi.
  • Raisi’s Condition: As of now, there is no official information about President Raisi’s condition. However, hard-liners have urged the public to pray for him.

Context and Sensitivity

The timing of this incident is particularly sensitive for Iran. Under President Raisi and Supreme Leader Ayatollah Ali Khamenei, Iran recently launched an unprecedented drone-and-missile attack on Israel. Additionally, the country has enriched uranium closer than ever to weapons-grade levels. Amid mass protests against its Shiite theocracy over economic issues and women’s rights, this helicopter crash adds to the tension in the region.

As rescue teams continue their efforts, the public remains concerned about the well-being of President Raisi and the implications of this incident for Iran’s future.

Please note that this information is based on available reports, and further updates may provide additional details about the crash and its aftermath. Our thoughts are with those affected by this tragic event. 


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