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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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Ukraine Launches Coordinated Drone Strikes on Russian Oil and Military Infrastructure

 

Unverified footage published online showed what appeared to be a major fire at the Syzran refinery, with emergency services working at the scene. 


Ukraine has claimed responsibility for a series of overnight drone strikes targeting key Russian infrastructure, marking one of the most extensive cross-border operations in recent months. The attacks hit oil refineries, military airfields, and electronics factories deep inside Russian territory.

Key Targets Hit

  • Ryazan Oil Refinery: Located southeast of Moscow, the facility was set ablaze following a drone strike.
  • Novokuybyshevsk Refinery (Samara Region): A major supplier of aviation fuel for Russian combat aircraft, reportedly engulfed in flames.
  • Annanefteprodukt Fuel Depot (Voronezh Region): Near Ukraine’s northeastern border, this site was also struck.
  • Primorsko-Akhtarsk Airfield (Krasnodar Krai): Used to launch Shahed drones against Ukraine, it was hit by SBU drones, causing a fire.
  • Electropribor Plant (Penza): A critical electronics supplier for Russia’s military-industrial complex; explosions and smoke were reported, with one fatality confirmed.

Response and Escalation

  • Russia’s Defense Ministry reported downing 338 Ukrainian drones overnight, though it did not specify how many reached their targets.
  • Ukraine’s Air Force claimed to have intercepted 45 of 53 Russian drones launched in retaliation.
  • On the ground, Russia announced the capture of Oleksandro-Kalynove in Donetsk, continuing its push in eastern Ukraine.

Strategic Implications

These strikes reflect Ukraine’s growing capability in long-range drone warfare, a dramatic shift from the early days of the conflict when it lacked such tools. The coordinated effort involved Ukraine’s Armed Forces, Security Service (SBU), and Defense Ministry’s intelligence units.

The attacks appear to be a response to recent Russian missile strikes on Ukrainian cities, which have caused significant civilian casualties. Ukraine’s military emphasized that it will continue targeting infrastructure that supports Russia’s war effort until hostilities cease.


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