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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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Iran Rejects Claims of Attacks on Cyprus

 

                                            Iranian Foreign Ministry Spokesman Esmaeil Baghaei


Iranian Foreign Ministry spokesman Esmaeil Baghaei has firmly denied reports that Iran launched any attacks toward Cyprus, Turkey, or Azerbaijan in recent days. Speaking at a press briefing, Baghaei stated that “no offensives were initiated from Iranian territory” and suggested that some of the alleged strikes may have been “staged” to create tension between Iran and neighboring countries. 

Baghaei reiterated that Iranian forces did not fire drones or missiles at any of the three nations, countering accusations—particularly from Azerbaijan—that Iranian drones had crossed into its territory. He emphasized that Iran’s defensive actions should not be interpreted as hostility toward regional states and warned that adversaries might be attempting to “drive a wedge” between Iran and its neighbors through fabricated incidents.

The spokesperson’s remarks come amid heightened regional tensions and conflicting reports about drone activity near borders. Iran maintains that any claims of aggression are unfounded and part of broader misinformation efforts. 

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