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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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Hot Inflation Data Sends Futures Sliding Ahead of Fed Decision

 



Market Snapshot

US stock futures retreated early Wednesday after a hotter‑than‑expected Producer Price Index (PPI) report signaled accelerating inflation, adding tension ahead of the Federal Reserve’s upcoming policy announcement. 

What’s Driving the Drop?

  • PPI inflation came in hotter than expected, with wholesale prices rising faster than in previous months.
  • The data reinforced concerns that inflation remains sticky, potentially delaying or reducing the likelihood of interest‑rate cuts.
  • Dow Jones futures fell about 0.4%, while S&P 500 and Nasdaq futures also slipped as traders reassessed risk appetite. 

Why the Fed Matters Today

Investors are now laser‑focused on the Federal Reserve’s rate decision and any hints about future policy direction. With inflation showing renewed strength, the Fed may adopt a more cautious tone, which could weigh further on equities. 

Broader Market Context

The pullback follows a brief stretch of gains, suggesting markets were already on edge. Rising oil prices and persistent inflation pressures have added to volatility across major indices. 

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