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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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Western Powers Urge Israel to Halt Potential Lebanon Ground Offensive

 

Smoke rises after an Israeli strike on Beirut's southern suburbs, following an escalation between Hezbollah and Israel amid the U.S.-Israeli conflict with Iran, Lebanon, March 10, 2026.

Western leaders are urging restraint as tensions escalate in Lebanon, warning that a large-scale Israeli ground offensive could trigger severe humanitarian fallout and prolong the conflict. Their joint message underscores growing international concern as violence between Israel and Hezbollah intensifies. 

Canada, France, Germany, the United Kingdom, and Italy have issued a unified warning against a major Israeli ground offensive in Lebanon, stressing that such an operation must be avoided due to the risk of catastrophic humanitarian consequences. In their joint statement, the leaders emphasized that a large-scale incursion could deepen regional instability and lead to a prolonged conflict at a time when Lebanon is already facing significant internal strain. 

The warning comes amid escalating clashes between Israel and Hezbollah, which intensified after Hezbollah launched attacks earlier this month. The militant group claims its actions were in retaliation for the killing of Iran’s Supreme Leader, an event that has further inflamed tensions across the region. Western governments are urging all parties to prioritize diplomacy and prevent Lebanon from being drawn deeper into the conflict. 


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