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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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Putin Reasserts Moscow’s Loyalty to Tehran Amid Regional Tensions

 

Russia's President Vladimir Putin delivers a speech during a ceremony to award members of the Russian Paralympic team, who took part in the 2026 Winter Paralympics in Italy, at the Kremlin in Moscow, Russia, March 19, 2026.


Russia has reaffirmed its political solidarity with Iran, with President Vladimir Putin emphasizing Moscow’s commitment to maintaining a close partnership despite questions about the depth of that support. 

Russian President Vladimir Putin has reiterated that Moscow “remains a loyal friend and reliable partner” to Iran, delivering the message as part of his Nowruz greetings to Iranian leadership. The Kremlin’s statement underscores Russia’s intention to maintain strong diplomatic ties with Tehran at a time of heightened geopolitical strain in the Middle East. 

Putin extended his congratulations to Iran’s Supreme Leader Ayatollah Mojtaba Khamenei and President Masoud Pezeshkian, stressing that Russia stands by Iran during what he described as a difficult period. However, despite these assurances, some Iranian sources have expressed skepticism, noting that Moscow’s practical support has been limited during Iran’s most significant internal crisis since the 1979 revolution. 

The reaffirmation of Russia–Iran ties comes as both nations navigate increasing pressure from Western powers and shifting dynamics across the Middle East. While the Kremlin’s rhetoric signals solidarity, the extent of Russia’s tangible backing remains a subject of debate within Iran’s political circles.

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