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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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Rising Tensions as Azerbaijan Warns of Retaliation After Iranian Drone Strike

A drone explodes at the airport of Nakhchivan, Azerbaijan, in this screengrab obtained from a social media video.

Azerbaijan has issued a firm warning that it will retaliate after two Iranian drones crossed into its Nakhchivan exclave, injuring four people and heightening fears of regional escalation. According to Azerbaijani officials, the drones entered its airspace on Thursday before striking near the Nakhchivan airport, an incident captured in eyewitness footage. 

The Azerbaijani Defence Ministry condemned the attack, stating that “these attacks will not remain unanswered,” and confirmed that investigations are underway to identify the types of drones used. Authorities emphasized that response measures are being prepared to safeguard the country’s territorial integrity and protect civilians.

The strike comes amid already strained relations between Azerbaijan and Iran, fueled by Baku’s deepening ties with Türkiye and Israel. The incident also raises broader concerns about the spillover of Middle East conflicts into the South Caucasus, a region where geopolitical tensions are already high. 


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