Skip to main content

Featured

Economy & Policy

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...
Post a Comment
Read more

article

Labels

Southern Europe Battles Intense Heat Wave: Acropolis Closed, Firefighters Perish in Italy

 

A severe heat wave sweeping across southern Europe has led to significant disruptions and tragic losses. In Greece, authorities were compelled to close the Acropolis, the nation’s most iconic cultural site, for several hours on Wednesday due to soaring temperatures. Tourists visiting the Parthenon temple atop the Acropolis faced extreme heat, with temperatures forecasted to reach up to 42°C (107°F) in some areas.

Meanwhile, in Italy, the heat wave has had deadly consequences. Two firefighters tragically lost their lives while combating a fire in the Basilicata region. The Italian government has issued severe heat warnings for multiple cities, including Palermo and Sicily, urging residents, especially the elderly, to stay indoors.

The heat wave, driven by hot air masses from Africa, is expected to persist through the weekend, with temperatures potentially peaking at 43°C (109°F). Other countries in the region, such as Albania and North Macedonia, are also grappling with wildfires and extreme heat, prompting emergency responses and international assistance.

As southern Europe continues to endure these extreme conditions, authorities are taking measures to protect both residents and tourists from the relentless heat.



Labels:

Comments

Post a Comment