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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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Turkish Vessel Clears Strait of Hormuz After Diplomatic Coordination

 

                                            Coastal scenery near Khasab, in Musandam peninsula.


A Turkish‑owned commercial ship has been permitted to pass through the Strait of Hormuz, according to a statement from Turkey’s transport minister. The development comes amid heightened regional tensions and increased scrutiny of maritime traffic in one of the world’s most strategically important waterways.

The minister noted that Turkish authorities had been in close communication with regional counterparts to ensure the vessel’s safe transit. While no specific threats to the ship were detailed, the passage highlights the delicate balance required to maintain secure navigation in a corridor responsible for a significant share of global energy shipments.

Officials emphasized that Turkey remains committed to safeguarding its commercial fleet and supporting international efforts to keep the strait open to civilian maritime traffic. The ship has reportedly continued its journey without incident.


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