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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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Mojtaba Khamenei: The Rise of Iran’s New Supreme Leader

 

               A picture of Iran's new supreme leader, Mojtaba Khamenei, is displayed on a screen in Tehran


Mojtaba Khamenei, 56, has emerged as Iran’s new supreme leader following the assassination of his father, Ayatollah Ali Khamenei, in joint U.S.–Israeli strikes. His appointment by the Assembly of Experts comes at a moment of profound crisis for Iran, as the country faces regional war, internal instability, and intense international scrutiny. 

A Secretive Heir With Deep Establishment Ties

Mojtaba, long considered influential behind the scenes, is a mid-ranking cleric with strong connections to the Islamic Revolutionary Guard Corps (IRGC). His political rise signals continuity of Iran’s hardline establishment, despite the country’s ideological discomfort with hereditary succession. 

A Leader Shaped by Conflict and Loss

His ascension comes amid the “Ramadan War,” during which he was reportedly wounded, and after losing several family members—including his father, mother, wife, and a sister—in the same wave of strikes. These events have shaped both his public image and the narrative surrounding his leadership. 

Challenges Ahead

As supreme leader, Mojtaba inherits a nation under unprecedented military pressure and political uncertainty. His leadership will be tested by:

  • Escalating regional conflict
  • Internal dissent and economic strain
  • International isolation and threats from adversaries

Despite these challenges, his selection underscores the regime’s desire for stability through continuity, even as Iran enters one of the most volatile periods in its modern history. 


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