Skip to main content

Featured

Economy & Policy

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...
Post a Comment
Read more

article

Labels

Trump Delays Planned Strikes on Iran Amid Last‑Minute Diplomatic Overtures

        President Donald Trump speaks to reporters on the South Lawn of the White House in Washington. 

President Donald Trump has postponed planned U.S. military strikes against Iranian power facilities just hours before a deadline tied to reopening the Strait of Hormuz. The decision follows what the president described as “good and productive conversations” with Tehran, signaling a temporary easing of tensions after days of escalating threats.

Trump had previously issued a 48‑hour ultimatum demanding Iran fully reopen the vital waterway or face the “obliteration” of its power infrastructure. Iran responded defiantly, warning it would retaliate by targeting regional energy sites and potentially mining the Persian Gulf. 

The postponement—set for five days—comes as global energy markets watch closely and regional militaries brace for potential escalation. While the delay offers a brief diplomatic window, both sides remain entrenched, leaving the situation volatile and uncertain. 


Labels:

Comments

Post a Comment