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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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French Election Outcome: Leftist Coalition Gains Majority, Macron Faces Uncertainty

 

The French election results have yielded an intriguing outcome. While the far-right party, led by Marine Le Pen’s National Rally, increased its seats in the National Assembly, it did not secure an outright majority. Instead, French voters granted the most parliamentary seats to a broad leftist coalition, keeping the far right away from power. President Emmanuel Macron’s centrist alliance came in second. 

Now, with no clear figure emerging as a possible future prime minister, Macron faces uncertainty. He has stated that he will wait to decide his next steps and is heading to Washington this week for a NATO summit. The new legislators can begin work in parliament on Monday, with their first session scheduled for July 18. Prime Minister Gabriel Attal offered his resignation, but Macron asked him to remain temporarily as head of the government. Macron’s term runs until 2027, and despite his weakened position, he still holds significant powers over foreign policy, European affairs, defense, and international treaties negotiation. 

For now, France remains in an unprecedented situation, and the challenge lies in navigating this delicate political landscape.

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