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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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Escalation Without Negotiation: Trump Signals Hardline Endgame in Iran Conflict

                                      
Smoke rises following an explosion, amid the US-Israeli conflict with Iran.

U.S. President Donald Trump has ruled out negotiating an end to the ongoing war with Iran, instead suggesting that the conflict may only conclude if Iran’s military and political leadership are entirely eliminated. Speaking aboard Air Force One, Trump stated that the current air campaign could render diplomacy irrelevant should Iran’s leadership structure collapse under sustained strikes.

According to multiple reports, Trump emphasized that he is “not interested” in talks and raised the possibility that the war would end only once Iran “no longer has a functioning military or any remaining leadership in power.” The intensifying U.S.–Israeli operations have already triggered regional instability, with explosions reported in Tehran and rising tensions along the Israel‑Lebanon border.

Iran’s president has issued apologies to neighboring countries as the conflict spills across borders, while global markets react to energy disruptions and logistical uncertainty. Analysts warn that the rhetoric from Washington signals a potentially prolonged and destructive phase of the conflict, with little indication of a diplomatic off‑ramp. 


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