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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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Houthis Open New Front as Regional War Intensifies

                                        Houthi forces march in the Red Sea port city of Hodeidah.

Yemen’s Iran‑aligned Houthi movement has formally entered the widening Middle East conflict, launching ballistic missiles toward Israel for the first time since the Iran war began. The strike—intercepted by Israeli air defenses—marks a significant escalation as fighting across the region deepens. 

A New Phase in the Conflict

  • The Houthis announced they fired a volley of ballistic missiles at “sensitive Israeli military sites” in southern Israel, claiming the operation achieved its objectives. 
  • Israel confirmed detecting a missile launched from Yemen and said it was intercepted before causing damage. 
  • The group declared the attack was carried out in support of Iran and allied resistance fronts in Lebanon, Iraq, and Palestine. 

Why It Matters

  • This is the Houthis’ first direct strike on Israel since the US‑Israeli campaign against Iran began on February 28, 2026. Their involvement risks broadening a war already destabilizing the region and global energy markets. 
  • The Houthis warned they would continue operations until what they call “aggression on all fronts” ends, signaling more attacks may follow. 
  • Their ability to hit targets far beyond Yemen—and potentially disrupt key shipping lanes like the Bab al‑Mandab Strait—adds new strategic pressure on Israel and its allies. 

Regional Ripple Effects

  • The strike comes amid ongoing Iranian missile and drone attacks across the Middle East, including Gulf states and US military sites. 
  • With the Strait of Hormuz effectively closed by Iran and Red Sea shipping already strained, the Houthis’ entry into the conflict raises fresh concerns about global trade and energy supply. 


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