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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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Bridge Strike Sparks Fears of Wider Conflict in Lebanon

 

A burst of burning debris erupts following reported Israeli strikes in the southern suburbs of Beirut


Israel’s latest strike in southern Lebanon has escalated regional tensions, with the destruction of the Zrarieh Bridge and warnings of Gaza‑level devastation marking a sharp intensification of the conflict. Israeli forces have also dropped leaflets over Beirut, signaling the possibility of broader infrastructure attacks as fighting with Hezbollah deepens.

Escalation in Southern Lebanon

  • Israeli warplanes struck and destroyed the Zrarieh Bridge over the Litani River, a key route in southern Lebanon.
  • Israel claims the bridge was being used by Hezbollah fighters to move between northern and southern regions, though no evidence was publicly provided. 

Warnings of Gaza‑Scale Destruction

  • Leaflets dropped over Beirut warned that Lebanon could face devastation comparable to Gaza if Hezbollah continues its operations.
  • Israeli officials signaled that more attacks on Lebanese infrastructure may follow. 

Humanitarian Pressure Mounts

  • Heavy airstrikes on Beirut’s suburbs have pushed hundreds of thousands of displaced people into the capital, overwhelming local authorities.
  • Lebanese officials report they are unable to accommodate the growing number of refugees fleeing intensified bombardment. 

Regional Context

  • The escalation follows Israel’s broader offensive against Hezbollah, which intensified after the group opened fire earlier in March.
  • The conflict is unfolding amid heightened regional instability linked to the U.S.–Israeli war on Iran. 


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