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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 Rebound as Hopes Rise for End to Iran Conflict

North American stock indexes staged a sharp turnaround Monday after President Trump suggested the war with Iran could be nearing its end, easing investor fears and lifting major benchmarks into positive territory. 

Markets Snap Back Into the Green

  • U.S. markets recovered from steep early losses, with the Nasdaq Composite climbing over 1.5%, leading the rebound.
  • The Dow Jones Industrial Average jumped 0.7%, reversing a drop of more than 800 points earlier in the session.
  • The S&P 500 gained 0.9%, also turning positive by afternoon trading. 

Oil Prices Ease After Surging

Crude oil, which had earlier spiked above $100 per barrel amid conflict-driven supply fears, pulled back following Trump’s remarks that the U.S. was “very far” ahead of its 4–5 week timeline for ending the war.

Canadian Markets Follow the Uptrend

Canada’s TSX Composite Index rose 0.32%, supported by gains in major energy names such as Suncor and Canadian Natural Resources. 

What’s Driving the Optimism?

Investors reacted swiftly to Trump’s comments hinting at a potentially quicker resolution to the Iran conflict, a development that could stabilize energy markets and ease inflation concerns. The shift in tone helped restore confidence after days of volatility driven by soaring oil prices and geopolitical uncertainty. 


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