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

Britain Stands Firm as Starmer Rejects Wider Iran Conflict

 

Ground crew members work on munitions, at RAF Fairford airbase, which is used by USAF personnel, in Fairford, Gloucestershire.


Prime Minister Keir Starmer has firmly stated that the United Kingdom will not join a broader war in Iran, even as tensions in the region continue to rise. Speaking in London, Starmer emphasized that Britain’s focus is on working with international partners to develop a “viable collective plan” to reopen the strategically vital Strait of Hormuz—an effort he acknowledged will be challenging. 

The strait, a critical chokepoint for global energy shipments, has become increasingly difficult to navigate amid escalating regional hostilities. While U.S. President Donald Trump criticized Starmer for not initially supporting U.S.-Israeli strikes on Tehran, the British leader maintained that reopening the waterway is essential for stabilizing global energy markets and must be approached through coordinated international action rather than military escalation.

Starmer reiterated that the UK “will not be drawn into the wider war,” underscoring his government’s commitment to diplomacy and multilateral cooperation in addressing the crisis.

Labels:

Comments

Post a Comment