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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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Arab States May Be Asked to Share Costs of Iran Conflict, White House Indicates

 

Two F/A-18 Super Hornets launch from the flight deck of the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran from an undisclosed location.

U.S. President Donald Trump is considering urging Arab nations to contribute financially to the ongoing war with Iran, according to White House Press Secretary Karoline Leavitt. During a briefing in Washington, Leavitt noted that while she would not speak ahead of the President, the idea is one he is “quite interested” in pursuing. 

Leavitt emphasized that discussions with Tehran are continuing behind the scenes, despite sharp public rhetoric from Iranian officials. She added that Iran’s private communications differ from its public statements, suggesting some progress in negotiations. 

The President has also issued renewed warnings toward Iran, threatening severe consequences for its energy infrastructure if it does not reopen the Strait of Hormuz. Meanwhile, he has suggested that “regime change” in Iran is effectively underway, citing heavy losses among Iranian leadership factions. 

As the conflict continues, the administration signals that more details on potential Arab financial involvement may be forthcoming.

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