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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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Turkey Issues Renewed Airspace Alert Amid Rising Tensions Over Cyprus

 

                                            A Turkish F-16

Turkey has issued a new aviation notice warning of potential military activity in the airspace around northern Cyprus, escalating an ongoing exchange of airspace advisories between the island’s two sides. 

Turkey has released a fresh Notice to Airmen (Notam) signaling possible military operations in the airspace surrounding Ercan (Tymbou) airport in northern Cyprus. The advisory follows a series of competing Notams issued earlier in the week by both Turkish Cypriot and Greek Cypriot authorities, reflecting heightened tensions over control and jurisdiction of the island’s airspace.

According to reports, the new Turkish Notam will remain in effect until April 12 and may become active during periods of potential military activity. Notams are essential alerts for aviation personnel, providing critical information that could affect flight safety. 

The move comes as Ankara continues to challenge Greek Cypriot-issued airspace warnings, with Turkish officials previously labeling such notices “null and void” and accusing the Greek Cypriot side of creating jurisdictional confusion. 

The latest exchange underscores ongoing geopolitical friction in the region, where airspace control remains a sensitive and contested issue.

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