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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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Israeli Strikes Kill Two Senior Iranian Security Officials, Escalating Regional Tensions

 

Iranian Secretary of Supreme National Security Council Ali Larijani, speaks during a press conference after his meeting with the Lebanese parliament speaker Nabih Berri, in Beirut, Lebanon, Aug. 13, 2025. Gholamreza Soleimani, a senior officer in the Islamic Revolutionary Guard Corps who commands Basij forces, attends a gathering during Basij Week in the Iranian capital Tehran on Nov. 24, 2019.

Israel announced that it has killed two of Iran’s top security officials in a series of overnight strikes, marking a significant escalation in an already volatile regional conflict. According to Israeli Defense Minister Israel Katz, the operation targeted Ali Larijani, Iran’s top security official and secretary of the Supreme National Security Council, along with Gen. Gholamreza Soleimani, commander of the Revolutionary Guard’s Basij paramilitary force.

The strikes, which reportedly took place in Tehran, are part of a broader campaign aimed at weakening Iran’s senior leadership. Iranian state media has not yet confirmed the deaths, though officials indicated that a statement may be forthcoming. 

In response, Tehran launched additional missiles and drones toward Israel and neighboring Gulf states, signaling that the conflict shows no signs of easing. The killings follow earlier attacks that have already shaken Iran’s leadership structure, intensifying fears of further regional destabilization. 


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