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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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Geopolitical Tensions Rattle Wall Street as Futures Slide on Trump’s Iran Warning

 


Markets tumbled Thursday morning as renewed geopolitical uncertainty sent U.S. stock futures sharply lower, with investors reacting to President Trump’s latest remarks that the war with Iran is “not yet over.” 

U.S. stock futures stumbled early Thursday after President Trump’s national address failed to signal a clear end to the ongoing U.S.–Israeli conflict with Iran. Futures tied to the Dow Jones Industrial Average dropped more than 600 points, while S&P 500 futures fell 1.5% and Nasdaq 100 futures slid 2%, reflecting heightened investor anxiety. 

The market’s reaction was driven largely by Trump’s assertion that the conflict is not yet resolved, despite reports that Iran’s president has approached the U.S. about a potential ceasefire. Trump emphasized that any agreement would depend on reopening the Strait of Hormuz, a critical global energy chokepoint. He also warned that U.S. forces would “hit Iran hard” before any withdrawal in the coming weeks. 

Energy markets surged in response. West Texas Intermediate crude jumped 7% to around $107 per barrel, while Brent crude climbed above $108, extending a weeks-long rally fueled by supply concerns. The spike in oil prices added pressure to equities, particularly as investors weigh inflation risks and the economic impact of prolonged conflict. 

The downturn comes ahead of the holiday-shortened trading week, with markets set to close for Good Friday. Traders now turn their attention to upcoming jobless claims data and Friday’s March jobs report, hoping for signs of stability amid geopolitical turbulence. 

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