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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. Pauses Planned Strikes as Washington and Tehran Reopen Dialogue

Children play with a part of a missile that landed in the playground of an elementary school on Sunday night, in the settlement of Peduel in the Israel-occupied West Bank.

President Donald Trump has stepped back from plans to launch strikes on Iran’s power network, citing what he described as “constructive” and “productive” conversations between Washington and Tehran. The decision follows heightened tensions after Iran warned it would target power plants in Israel and facilities supplying U.S. bases across the Gulf if attacked. 

According to multiple reports, the U.S. will postpone any military action for at least five days while diplomatic talks continue. Trump emphasized that discussions aimed at reducing hostilities will proceed throughout the week, signaling a potential shift toward de-escalation amid fears of broader regional conflict. 

The pause comes after weeks of threats and counterthreats, including Iran’s warning that it could close the Strait of Hormuz if provoked—an action that would have major implications for global energy markets. For now, both sides appear to be testing a diplomatic path, though the situation remains fragile. 

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