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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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Markets Lose Footing as Iran Truce Hopes Dim

 


U.S. stocks slipped as investors reassessed the likelihood of a ceasefire in the Iran conflict, sending major indexes lower. The Dow, S&P 500, and Nasdaq all retreated as renewed geopolitical tension pushed oil prices higher and dampened the previous day’s optimism. 

The pullback followed a brief rally driven by hopes of diplomatic progress, but those expectations faded quickly as reports signaled escalating military activity and conflicting statements from U.S. and Iranian officials. Rising crude prices—seen as a direct barometer of conflict risk—added pressure across sectors, particularly technology, which led the day’s declines. 

Investors remain highly sensitive to headlines, with markets swinging between relief and caution as the situation evolves. With oil once again at the center of market volatility and no clear path to de‑escalation, Wall Street continues to navigate a fragile and fast‑shifting landscape. 

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