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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 Israel and Iran Exchange Strikes Amid U.S. Military Buildup

An armoured personnel carrier (APC) and a self-propelled artillery unit at the Israeli side of the border with Lebanon, amid escalation between Iran-backed HezbREUTERS/Tyrone Siu


The conflict between Israel and Iran escalated sharply as both nations launched attacks over the weekend, prompting the United States to deploy thousands of additional Marines to the Middle East. 

Intensifying Regional Conflict

  • Israel struck targets in Iran and Beirut, citing threats from Iran‑backed Hezbollah and ongoing hostilities linked to the broader U.S.–Israeli confrontation with Tehran.
  • Iran retaliated with missile and drone attacks across the region, including strikes on Gulf energy infrastructure and attempts to hit U.S.–U.K. military installations. 

U.S. Military Response

  • The United States accelerated the deployment of thousands of Marines and sailors to reinforce its presence in the Middle East as the conflict widened. 
  • President Donald Trump criticized NATO allies for hesitating to support efforts to secure the Strait of Hormuz, a critical global shipping route. 

Growing Human and Economic Impact

  • Casualties continue to rise, with more than 1,400 people reported killed in Iran alone as the conflict enters its fourth week. 
  • Attacks on energy facilities have contributed to surging oil and gas prices, raising concerns about global economic fallout. 

As tensions deepen and military actions expand across multiple fronts, fears of a prolonged regional crisis continue to mount.

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