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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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Deadly Night in Kharkiv as Russian Strikes Devastate Residential Areas

                                Rescuers work at the site of an apartment building hit by a Russian missile strike.

Russia launched a wave of drones and missiles across Ukraine overnight, with Kharkiv suffering some of the deadliest impacts. At least seven people, including children, were killed when a missile struck a five‑story residential building in the city. Emergency crews battled fires and searched through rubble as officials reported at least 10 additional injuries. 

The attack triggered a nationwide air‑raid alert as ballistic missiles and drones targeted multiple regions. Ukrainian President Volodymyr Zelenskyy condemned the strikes and called for a stronger international response. Local authorities described widespread damage to infrastructure and residential areas, underscoring the continued intensity of Russia’s campaign. 

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