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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 U.S. Ceasefire Proposal Amid Escalating Regional Tensions

 

Dog salon workers take cover with the dogs in a bomb shelter as air raid sirens warn of incoming Iranian missile strikes in Ramat Gan, Israel, Wednesday, March 25, 2026. 

Iran has received a 15‑point ceasefire plan from the United States, delivered through Pakistani intermediaries, but Tehran has firmly dismissed the idea of entering negotiations with Washington. 

Iran’s Response

  • Iranian military officials openly mocked the notion of talks, insisting there are no negotiations underway with the U.S.
  • Tehran continues to launch attacks across the region, including strikes on Israel and Gulf states. One such assault ignited a major fire at Kuwait International Airport. 

U.S. Proposal and Military Movements

  • The American ceasefire plan reportedly includes provisions on sanctions relief, nuclear program limits, missile restrictions, and reopening the Strait of Hormuz.
  • Despite diplomatic outreach, the U.S. is simultaneously deploying additional paratroopers and Marines to the Middle East to reinforce its presence. 

Regional Impact

  • Iran’s attacks on energy infrastructure and its control over the Strait of Hormuz have contributed to surging global oil prices and heightened fears of a broader energy crisis. 

Outlook

While back‑channel discussions may still be occurring, public statements from both sides show no sign of de‑escalation. With continued military activity and hardened rhetoric, prospects for a negotiated ceasefire remain uncertain.

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