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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 U.S. Ceasefire Proposal to Iran Sparks Investor Optimism

 


U.S. stock futures surged early Wednesday as reports of a U.S.-backed ceasefire proposal to Iran boosted market sentiment and pushed oil prices sharply lower. Investors reacted positively to signs of potential de‑escalation in the Middle East, lifting Dow, S&P 500, and Nasdaq futures after a volatile week.

U.S. stock futures climbed on Wednesday following reports that Washington sent Iran a 15‑point ceasefire plan aimed at halting the ongoing conflict in the Middle East. The development injected cautious optimism into global markets, which have been rattled by geopolitical tensions in recent weeks. 

Futures tied to the Dow Jones Industrial Average and S&P 500 rose around 1%, while Nasdaq 100 futures jumped more than 1%, reversing some of the previous session’s losses. The shift in sentiment was amplified by a sharp retreat in oil prices—WTI crude fell over 5%, easing inflation concerns and improving the outlook for corporate margins. 

The reported ceasefire proposal, relayed through Pakistan, signals renewed diplomatic urgency from the U.S. administration. While Tehran has denied direct negotiations, markets responded favorably to any indication of reduced regional risk. Investors are now watching upcoming economic data, including import and export price figures, for further direction. 

Overall, the combination of geopolitical easing and falling energy prices helped restore confidence across major indices, offering a momentary reprieve from recent volatility.

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