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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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Trump Signals Possible Shift as U.S. Weighs ‘Winding Down’ Iran War

 

People react as emergency crews search for victims trapped in the rubble following a strike on a residential building on March 16, 2026 in central Tehran, Iran.


President Donald Trump has suggested that the United States may be nearing a turning point in its conflict with Iran, stating that the country is “getting very close” to meeting its military objectives. Despite this indication of a potential wind‑down, the administration continues to deploy additional troops and resources to the region, underscoring the contradictory nature of recent U.S. messaging.

Trump has emphasized that he is not seeking a ceasefire, even as the conflict expands and global markets react to rising oil prices and regional instability. His remarks come amid heightened tensions, ongoing airstrikes, and concerns from allies about the widening scope of the war. 

While the president’s comments hint at a possible de-escalation, the continued buildup of military assets and calls for increased funding suggest that any reduction in operations may still be distant. The situation remains fluid as the U.S., Iran, and regional actors navigate a rapidly evolving conflict. 

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