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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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Trump Administration Plans Major Immigration Raid in Chicago

The incoming U.S. presidential administration under Donald Trump is set to launch a significant immigration raid in Chicago the day after he takes office, according to a report by the Wall Street Journal. The operation, expected to commence on Tuesday, will involve between 100 and 200 officers from the U.S. Immigration and Customs Enforcement (ICE) and is anticipated to last all week.

Trump's transition team has not yet responded to requests for comment. However, Tom Homan, the incoming border czar, stated at an event in Chicago that the administration would begin its efforts in the city. He warned that if the Chicago mayor does not cooperate, he could face prosecution for harboring or concealing illegal aliens.

Immigration was a central theme of Trump's campaign, and he has promised to initiate the largest domestic deportation operation in American history immediately after his inauguration. The administration plans to mobilize various government agencies to support this effort and pressure sanctuary jurisdictions to comply.


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