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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 Seeks Regional Calm as President Issues Rare Apology Amid Escalating Conflict

 

An explosion on Beirut's southern suburbs after an Israeli strike, following an escalation between Hezbollah and Israel amid the US-Israeli conflict with Iran, Lebanon, March 6, 2026.


As the war enters its second week, Iran’s President Masoud Pezeshkian has issued an unusual public apology to neighbouring countries affected by Tehran’s recent military actions. He acknowledged the impact of Iranian strikes across the region and pledged that Iran would refrain from targeting nearby states unless attacks on Iran originate from their territory. 

Despite the conciliatory tone, the conflict continues to intensify. Israel and Iran have exchanged fresh strikes, with missiles and drones still hitting cities across the Gulf. Iran’s temporary leadership council has reportedly approved suspending attacks on neighbouring states, but only conditionally, as tensions with the United States and Israel remain high. 

The apology appears aimed at easing regional anger after Iranian projectiles struck civilian areas in Gulf countries. However, with ongoing bombardments and rising casualties, the path to de-escalation remains uncertain. 


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