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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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China's Strategic Outreach Amid Escalating Tariff Wars

As the United States, under President Donald Trump, intensifies its tariff policies, China has embarked on a diplomatic campaign to rally international support. Facing heightened tariffs on Chinese imports, Beijing has retaliated with its own measures, sparking a trade war that has disrupted global markets. 

China's strategy has focused on strengthening ties with Europe and Southeast Asia. Premier Li Qiang's discussions with European Commission President Ursula von der Leyen and Commerce Minister Wang Wentao's engagement with ASEAN nations highlight China's efforts to counteract the economic strain. Despite these initiatives, not all nations are eager to align with China, reflecting the complexities of global trade dynamics.

This unfolding scenario underscores the intricate interplay of economic policies and international relations, with far-reaching implications for global stability and cooperation.

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