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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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UK Greenlights US Strikes on Iran From British Bases Amid Strait of Hormuz Crisis

 

A U.S. Air Force B-1 bomber approaches to land at RAF Fairford airbase in Fairford, Gloucestershire, Britain, March 17, 2026.

Britain has authorized the United States to use UK military bases for defensive strikes against Iranian missile sites threatening ships in the Strait of Hormuz, marking a significant escalation in Western coordination amid rising regional tensions. 

The British government has approved the use of its military bases by the United States to conduct targeted strikes on Iranian missile sites that have been attacking commercial vessels in the Strait of Hormuz. The decision follows heightened tensions after Iran’s actions disrupted vital shipping lanes and threatened allied maritime operations.

According to officials, British ministers met to assess Iran’s blockade of the strait and ongoing regional conflict before confirming that the agreement allows the U.S. to operate from UK bases under the principle of collective self‑defense. The authorization is described as limited and defensive, aimed at degrading Iran’s missile capabilities and protecting international shipping routes. 

Iran’s foreign minister has warned that Tehran will act in self‑defense if attacked, raising concerns about further escalation. Meanwhile, U.S. aircraft, including B‑1 bombers stationed at RAF Fairford, are positioned to support potential operations. 

The move underscores deepening military cooperation between London and Washington as both nations respond to Iran’s increasingly aggressive posture in one of the world’s most critical maritime chokepoints.

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