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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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Escalating Conflict: Trump Praises Strikes as Middle East Tensions Surge

Israeli emergency responders work at the site of an impact by an Iranian missile in northern Israel.

As missile and drone attacks intensified across the Middle East, U.S. President Donald Trump publicly boasted about the killing of senior Iranian leaders, calling it his “great honor” to target what he described as Iran’s “terrorist regime

The conflict, now entering its second week, began after joint U.S.–Israeli strikes on Iranian targets in late February. Since then, more than 2,000 people have been killed, millions displaced, and global energy and financial markets have been rattled by the rapidly widening war. 

Trump’s remarks came as both sides exchanged heavy missile and drone fire across the region, with strikes reported from Tehran to northern Israel and beyond. The escalating violence has prompted international concern, with regional governments warning of broader destabilization if hostilities continue. 


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