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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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Global Markets Reel as Middle East Tensions Ignite Energy Shock


Global stock markets tumbled sharply today as escalating tensions in the Middle East triggered a surge in energy prices, rattling investor confidence across major exchanges. Brent crude pushed past $110 per barrel, amplifying fears of supply disruptions following strikes on critical energy infrastructure in Qatar, Iran, and Saudi Arabia. 

Asian markets were among the hardest hit, with Japan’s Nikkei 225 and South Korea’s KOSPI sliding nearly 2.5–3% in early trading. European and U.S. futures also pointed lower as traders shifted toward safer assets amid rising geopolitical uncertainty. 

In the U.S., major indices extended losses, pressured by both the geopolitical shock and persistent inflation concerns. The S&P 500, Nasdaq, and Dow Jones all closed lower, reflecting a broad-based retreat across sectors sensitive to energy costs.

Analysts warn that if oil prices continue their upward trajectory, inflationary pressures could intensify globally, complicating central banks’ efforts to stabilize markets. For now, investors remain on edge as geopolitical risks and energy volatility dominate the financial landscape.





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