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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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Eid Brings a Brief Calm as Pakistan and Afghanistan Agree to Ceasefire

Taliban soldiers sit next to an anti-aircraft gun while on lookout for Pakistan's fighter jets, in Khost province, Afghanistan.

In a rare moment of de‑escalation, Pakistan and Afghanistan have agreed to temporarily halt hostilities ahead of Eid al‑Fitr, offering a brief respite after weeks of intensifying cross‑border tensions. 

The ceasefire—requested by Saudi Arabia, Qatar, and Turkey—comes after a series of deadly incidents, including a controversial Pakistani airstrike on a Kabul drug rehabilitation hospital that Afghan officials say killed hundreds. The pause is set to last through the Eid holiday, beginning at midnight on Wednesday and continuing until Monday. 

Officials in Islamabad described the move as a “gesture of good faith,” expressing hope that the truce will allow civilians on both sides to observe the holiday in peace. Kabul, meanwhile, held mass funerals for victims of the recent strike as it announced its own halt to fighting. 

While the ceasefire offers a momentary calm, it remains uncertain whether it will pave the way for longer‑term dialogue between the two neighbors, whose relations have been strained by accusations of cross‑border militancy and retaliatory attacks.


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