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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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Energy Security Concerns Rise After Strikes Hit UAE Infrastructure

Smoke rises in the Fujairah oil industry zone, caused by debris after interception of a drone by air defenses, according to the Fujairah media office, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 14, 2026.

A series of attacks targeting key energy sites in the United Arab Emirates has intensified concerns over the stability of global energy supplies. Strikes on the Fujairah port—one of the world’s most important oil hubs—along with disruptions at the Shah gas field have added new pressure to already‑strained markets.

Fujairah, located outside the Strait of Hormuz, is a strategic export point designed to bypass one of the world’s most vulnerable maritime chokepoints. Any threat to its operations reverberates quickly through global oil markets. Meanwhile, the Shah gas field, a major producer of sour gas essential to the UAE’s domestic energy mix, has faced operational interruptions following reported attacks.

These incidents come at a time when geopolitical tensions are already driving volatility in energy prices. Analysts warn that continued instability could force regional producers to reassess security protocols and potentially reduce output, tightening global supply even further.

While the UAE has not disclosed full details of the damage, officials have emphasized that contingency plans are in place to maintain exports and stabilize the market. Still, the events underscore the fragility of critical energy infrastructure in a region where political and military tensions remain high.

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