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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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Tehran Reviews U.S. Ceasefire Proposal Amid Conflicting Claims of Negotiations

 

A view of a residential building damaged by a strike, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 23, 2026.


Iran says it is examining a U.S. ceasefire plan delivered through intermediaries, even as officials insist no direct talks are taking place. The mixed signals come as U.S. President Donald Trump asserts that Iranian leaders are eager for a deal to end nearly four weeks of conflict. 

Iran Denies Negotiations, Acknowledges Message Exchanges

Iranian Foreign Minister Abbas Araqchi stated that while Tehran is reviewing a U.S. proposal, it has not engaged in dialogue or negotiations with Washington. He emphasized that communications have occurred only through “friendly countries,” describing them as message exchanges rather than formal talks.

Trump Claims Iran Wants a Deal

Speaking in Washington, President Trump said Iranian leaders “want to make a deal so badly” but fear backlash both domestically and from the U.S. He did not specify who in Iran the U.S. is allegedly negotiating with, noting that many senior Iranian officials have been killed since the conflict began on February 28. 

Conflict’s Global Fallout

The ongoing war has triggered the worst energy shock in modern history. With the Strait of Hormuz effectively closed, global fuel shortages are spreading, affecting industries from aviation to agriculture. Governments are considering emergency measures reminiscent of the COVID‑19 era as supply chains strain under rising costs and limited access to energy. 


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