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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’s Diego Garcia Missile Attempt Signals Expanding Strategic Reach

 

                                            The US-UK base on Diego Garcia

Iran’s reported missile launch toward the U.S.–U.K. base at Diego Garcia marks a sharp escalation in regional tensions, highlighting Tehran’s growing missile ambitions and the strategic vulnerability of remote military installations. 

Iran has reportedly fired two ballistic missiles toward the joint U.S.–U.K. military base at Diego Garcia in the Indian Ocean, according to the semi‑official Mehr news agency. The launch, which occurred on March 21, 2026, did not result in any hits on the base, but it immediately drew global attention due to the long-range nature of the attempted strike. 

U.S. officials, cited by The Wall Street Journal, confirmed that the missiles—believed to be intermediate‑range—either failed mid‑flight or were intercepted before reaching their target. Diego Garcia, located roughly 4,000 km from Iranian territory, has long served as a critical strategic hub for Western military operations, making the attempted strike symbolically significant even without physical impact. 

Mehr described the launch as a “significant step” demonstrating that Iran’s missile capabilities extend farther than previously assumed. Analysts note that while the attack did not succeed operationally, it underscores Tehran’s intent to project power across vast distances amid ongoing regional conflict and heightened tensions with Western nations. 

As geopolitical pressure mounts, the attempted strike raises new questions about missile defense readiness, escalation risks, and the evolving strategic landscape in the Indian Ocean region.

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