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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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Ontario College Faculty Strike Averted with Binding Arbitration Agreement

 


In a significant development, the College Employer Council and the Ontario Public Service Employees Union (OPSEU) have reached an agreement to enter binding arbitration, effectively averting a strike that could have impacted faculty and students across Ontario. 


The union, which represents over 15,000 faculty members, had issued a five-day strike notice last week, warning that labor action could begin as early as Thursday. However, after mediation sessions this week, both sides agreed to let an arbitrator resolve the remaining issues. 


While "significant benefit gains" were achieved in negotiations, several key issues, including work conditions, job security, and quality of education, remained unresolved. These outstanding matters will now be addressed by the arbitrator, who will make a final, binding decision.


The College Employer Council has assured that classes will continue as scheduled, ensuring that students' education will not be disrupted. 


This move to arbitration is seen as a positive step in resolving the dispute without the need for a strike, allowing faculty members to continue their work and students to stay on track with their studies. The outcome of the arbitration will be closely watched as it could set the tone for future negotiations in Ontario’s education sector.



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