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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 Vows Severe Response Against Iran Amid Escalating Tensions

 

Two F/A-18 Super Hornets launch from the flight deck of the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran.


U.S. President Donald Trump declared on Saturday that Iran would be “hit very hard,” signaling a potential expansion of military targets as regional conflict intensifies. In a post on Truth Social, Trump said he was considering widening the areas and groups “under serious consideration for complete destruction and certain death,” citing what he called Iran’s continued “bad behavior.” 

Trump also claimed that Iran had apologized to its Middle Eastern neighbors for recent strikes—an action he framed as a surrender—though he provided no additional details. The warning comes as U.S. and Israeli operations against Iran enter a heightened phase, with American bombers arriving in the U.K. in preparation for possible missions “within the next few days.”

The situation remains fluid as both sides exchange threats, and global leaders watch closely for signs of further escalation.

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