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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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U.S. Firms Face Growing Uncertainty as Government Rejects Refunds on Illegal Tariffs

 

                Container ships at APM Terminals at the Port of Los Angeles, California, U.S., March 4, 2026.


U.S. Companies Blocked From Recovering Tariffs Ruled Illegal by Supreme Court

The U.S. government is refusing to refund billions of dollars in tariffs that the Supreme Court recently declared unlawful, according to reporting from the Financial Times. Customs officials have denied multiple requests from American companies seeking reimbursement for duties imposed under emergency powers used by President Donald Trump. 

The Supreme Court’s ruling last month invalidated the tariffs but did not outline a process for issuing refunds, leaving importers in limbo. As a result, businesses are facing mounting uncertainty and are increasingly turning to the courts to resolve disputes. The government had collected more than $130 billion in payments under the now‑invalidated tariff regime, a central pillar of Trump’s trade policy. 

While a federal judge recently affirmed that companies are legally entitled to refunds in at least one case, the broader lack of guidance has created a patchwork of outcomes and intensified frustration among affected firms. 


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