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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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Winter Blast Hits GTA: Snow, Freezing Rain Trigger Special Weather Alert

 

Environment Canada issued a special weather statement Sunday for two to six centimetres of snow and a risk of freezing rain.

A fast‑moving winter system is bringing snow, freezing rain, and reduced visibility across the Greater Toronto Area today, prompting Environment Canada to issue a special weather statement. Up to 2–6 cm of snow and a risk of freezing rain are expected, with gusts up to 70 km/h making travel difficult. 


What’s Happening

  • Environment Canada has issued a special weather statement for the GTA, covering areas from Halton Hills through Toronto to Oshawa.
  • The system is expected to bring:
    • 2–6 cm of snow
    • Possible freezing rain
    • Reduced visibility due to heavy and blowing snow
    • Wind gusts up to 70 km/h

Timing

  • Conditions began Sunday morning and are expected to ease by late afternoon.
  • Snowfall amounts may vary widely across the region, with some pockets seeing slightly higher totals.

Travel Impact

  • Roads and sidewalks may become slippery due to snow and ice buildup.
  • Blowing snow could make driving hazardous, especially on open roadways.
  • Commuters are advised to allow extra travel time and monitor local conditions.

Why It Matters

This late‑season system is part of a broader pattern of unsettled weather affecting southern Ontario, with rapidly changing conditions that can catch drivers and pedestrians off guard. Staying informed and prepared is key as the storm moves through.


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