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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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Avi Lewis Wins Federal NDP Leadership in First-Ballot Victory

Avi Lewis, who was proclaimed as the new leader of the NDP, speaks at the party convention in Winnipeg Sunday, March 29, 2026.

Filmmaker and longtime activist Avi Lewis has been elected the new leader of the federal New Democratic Party, securing a decisive first‑ballot win with nearly 40,000 votes out of roughly 71,000 cast. His victory marks a significant shift for the party as grassroots members push for a more unapologetically left‑wing direction. 

Lewis’s win signals renewed momentum for the NDP after a difficult federal election year. His campaign championed bold proposals—including expanding public ownership in key sectors—and emphasized rebuilding the party from the ground up. He inherits a party reduced to six seats in the House of Commons and facing internal tensions over energy policy, particularly from Alberta and Saskatchewan NDP leaders who warn his positions could harm workers in their provinces. 

In his victory speech at the Winnipeg convention, Lewis called for unity, inviting his leadership rivals onstage in a show of solidarity. He acknowledged differences between federal and provincial wings but framed them as evidence of a “growing tent” within the party. He also highlighted his family’s political legacy—his grandfather David Lewis and father Stephen Lewis both previously led NDP branches—while urging members to focus on winning now rather than waiting for another generation. 

Lewis, known for his documentary work and activism, now faces the challenge of rebuilding national support and reconnecting with disaffected voters. His leadership begins at a pivotal moment for the party, which is seeking to redefine its identity and relevance in a shifting political landscape. 


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