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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 New Supreme Leader Issues Defiant Ultimatum to the West

                Activists burn US and Israeli flags during a demonstration in solidarity with Iran and Lebanon.

Iran’s newly appointed Supreme Leader, Ayatollah Mojtaba Khamenei, has taken an uncompromising stance in his first foreign‑policy directives, declaring that the United States and Israel must be “brought to their knees” before any peace negotiations can begin.

According to senior Iranian officials, Khamenei has rejected all recent de‑escalation and ceasefire proposals delivered through intermediary nations. His position—described as “very tough and serious”—signals a continuation and intensification of Tehran’s confrontational posture amid an ongoing conflict that has already entered its third week. 

The new leader, who succeeded his father after a fatal airstrike in late February, has not yet made a public appearance, fueling speculation about his health and whereabouts. Despite this, officials say he presided over or directed a high‑level foreign policy session in which he insisted that no peace efforts would be considered until the U.S. and Israel accept defeat. 

As fighting continues and the Strait of Hormuz remains largely closed, global energy markets are feeling the strain, with rising prices and growing fears of inflation. With diplomatic channels stalled and tensions escalating, the region faces increasing uncertainty over what comes next. 


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