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

Tragedy Strikes as 6.1 Magnitude Earthquake Hits Turkey’s Balikesir Province

 

                                            Turkey Earthquake


A powerful 6.1 magnitude earthquake shook Turkey’s northwestern Balikesir province on Sunday evening, killing one person and injuring 29 others. The tremor, which struck at 7:53 p.m. local time, caused the collapse of at least 16 buildings, with its epicenter located in the town of Sindirgi.

The victim, an 81-year-old resident, was pulled from the rubble by emergency teams but later succumbed to injuries. Rescue operations have since concluded, with officials reporting no further casualties. The quake was felt as far as Istanbul, nearly 200 kilometers away, and was followed by several aftershocks, the strongest measuring 4.6.

Local authorities responded swiftly, with President Recep Tayyip Erdoğan expressing condolences and assuring that aid efforts were underway. The Disaster and Emergency Management Agency (AFAD) urged residents to avoid entering damaged structures due to the risk of further collapse.

Turkey, situated atop major fault lines, is no stranger to seismic activity. The country continues to recover from the devastating 7.8 magnitude earthquake in 2023 that claimed over 53,000 lives.

This latest quake serves as a stark reminder of the region’s vulnerability and the importance of continued investment in disaster preparedness and resilient infrastructure.

Labels:

Comments

Post a Comment