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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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Missile Strikes and Political Deadlock Deepen Middle East Crisis

 

  Israelis take shelter in underground car parks as sirens sound in Tel Aviv.




Iran launched a large wave of missiles at Israel early on March 5, forcing millions of Israelis into bomb shelters as the conflict between the U.S., Israel, and Iran entered its sixth day. The strikes intensified an already volatile situation, with explosions reported across multiple regions and tensions rising along the Israel‑Lebanon border. 

In Washington, efforts to curb the U.S. air campaign were halted when Republican senators blocked a motion that would have required congressional authorization for continued military action. The vote leaves the administration’s war powers largely intact as the conflict widens across the Middle East. 

The escalation has drawn global concern as both sides exchange strikes—Israel responding with attacks on targets in Tehran and Iran continuing its missile barrage. With diplomatic channels strained and regional actors increasingly drawn in, the situation remains highly unstable. 

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