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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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Ottawa Blocks Stellantis Plan for Chinese EV Assembly in Brampton

 

                                          Industry Minister Mélanie Joly   


The federal government has firmly rejected Stellantis’ proposal to assemble Chinese-made electric vehicle kits at its idled Brampton, Ontario plant, citing concerns over local jobs, supply chain integrity, and compliance with trade agreements. Industry Minister Mélanie Joly stated that Canada will not accept “cars in a kit,” emphasizing that any future production at the facility must support Canadian workers and parts suppliers. 

Stellantis had been exploring a partnership with Chinese automaker Leapmotor to revive the shuttered plant, where roughly 3,000 workers have been sidelined since production was halted. However, both the Ontario government and Unifor strongly opposed the plan, arguing that assembling mostly pre-built vehicles would undermine the domestic auto sector and fail to meet commitments tied to previous federal funding. 

Joly reiterated that any acceptable proposal must include strong labour protections, a robust Canadian supply chain, and secure software compliant with North American trade rules. With the current plan rejected, the future of the Brampton plant remains uncertain as Stellantis continues discussions with government officials and stakeholders.

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