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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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Israel Maps Out Multi‑Week Offensive as Strikes Intensify Across Iran

 

 Iranian Red Crescent aid workers and firefighters work at a residential site damaged by strikes, in Javadiyeh district, Tehran.

Israel’s military leadership has confirmed it is prepared for at least three more weeks of intensified operations in Iran, as airstrikes continue to target strategic sites across the country. 

Escalating Conflict and Strategic Objectives

Israel has outlined detailed operational plans for a sustained three‑week campaign aimed at weakening Iran’s military and strategic capabilities. According to Israeli military spokespersons, the focus remains on degrading Iran’s ballistic missile infrastructure, nuclear‑related facilities, and broader security apparatus. Gulf Today

The conflict, now entering its third week, shows no signs of slowing. Israeli officials emphasize that “thousands of targets” remain, suggesting the campaign could extend even beyond the initial three‑week window. 

Regional Impact and Rising Tensions

The ongoing strikes have triggered significant regional fallout. Iranian drone attacks have temporarily shut down Dubai airport and struck a key oil facility in the UAE, underscoring the widening scope of the confrontation. Meanwhile, the closure of the Strait of Hormuz—through which a major share of global oil and LNG shipments pass—has raised fears of economic shockwaves and renewed inflationary pressure worldwide.

International Response

The United States remains closely aligned with Israel, with both nations signaling readiness for a prolonged conflict. U.S. President Donald Trump has called for a coalition to secure vital shipping routes and warned NATO allies of the consequences of failing to support the effort. 

As the situation intensifies, global leaders continue to monitor the rapidly evolving conflict, with diplomatic solutions appearing distant amid escalating military activity.

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