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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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What’s Happening Across Ontario

Heavy rainfall mixed with melting snow could cause flooding this weekend, warns Environment Canada.


Summary

Environment Canada is calling for significant rainfall across many regions of Ontario, with totals generally in the 15–40 mm range depending on location. Several areas also face flood risks due to melting snow and frozen ground that can’t absorb water. 

Rainfall Amounts

  • 15–40 mm expected from Friday evening to Saturday evening in regions including:

    • Newmarket–Georgina–Northern York Region
    • Barrie–Orillia–Midland
    • Owen Sound–Blue Mountains
    • Perth County
    • Sault Ste. Marie, Elliot Lake, Temiskaming Shores, Manitoulin

  • Similar totals (15–40 mm) forecast for:

    • Greater Sudbury
    • North Bay–West Nipissing
    • Huntsville–Baysville
    • Kitchener–Waterloo

Flood Risk Factors

Environment Canada and the Insurance Bureau of Canada warn that:

  • Heavy rain + melting snow + frozen ground = high flood potential, especially in low‑lying areas and basements.
  • Southwestern and south‑central Ontario are particularly vulnerable.

Active Alerts

  • Rainfall warnings (yellow level) in multiple regions.
  • Flood advisories around Waterloo Region and Guelph.
  • General weather advisories across parts of Ontario.

What This Means for You (Ajax, Ontario)

While Ajax isn’t specifically named in the rainfall warnings above, the GTA is adjacent to several affected zones, and similar weather systems often spill over.

  • Expect periods of rain, possibly heavy at times.
  • Localized pooling is possible, especially where snow remains or drains are blocked.

Quick Safety Checklist

  • Clear storm drains and gutters.
  • Move valuables off basement floors.
  • Keep sump pumps powered and tested.
  • Avoid driving through pooled water.
  • Monitor Environment Canada alerts for your exact location.


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