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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 Russia Blames US and Israel for Escalating Middle East Unrest

 

                                           Russian President Vladimir Putin

Russia has sharply criticized the United States and Israel, accusing both countries of deliberately provoking Iran in a way that risks pulling Arab nations into a broader Middle East conflict. According to Russian officials, Washington and Tel Aviv are encouraging Iranian retaliation across the region, creating conditions that could entangle Gulf states—many of which maintain close ties with both the US and Russia—into a widening confrontation. 

Moscow argues that recent Iranian drone and missile strikes on Gulf allies are a direct response to US and Israeli military actions, which began with airstrikes on Iran. Russian President Vladimir Putin has positioned himself as a potential intermediary, offering to convey Arab concerns to Tehran amid rising regional anxiety. 

The Russian Foreign Ministry has gone further, accusing the US and Israel of pursuing a conflict “for someone else’s interests” and insisting that halting what it calls Western “aggression” is the only path to preventing further destabilization. Despite these warnings, Russia sees no indication that Washington or Tel Aviv intends to ease pressure on Iran or the broader region. 

As tensions continue to escalate, Arab states find themselves caught between longstanding alliances and growing security threats, raising fears that the conflict could expand beyond its current flashpoints.

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