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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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Relentless Storm Slams Greece, Leaving One Dead and Widespread Flooding

 

People walk amid a haze caused by sand dust from the Sahara, due to strong southern winds, in Heraklion, Crete.

A powerful storm system has swept across Greece, unleashing torrential rain, fierce winds, and severe flooding that has left one person dead and caused significant disruption to daily life.

Emergency services reported dozens of calls for rescues as rising waters inundated homes, blocked roads, and stranded residents in several regions. Transportation networks were hit hard, with flights delayed, ferry routes suspended, and major highways temporarily closed due to dangerous conditions.

Authorities have urged residents to avoid unnecessary travel and remain alert as meteorologists warn that more heavy rainfall could follow. Local officials are already assessing damage to infrastructure, while cleanup crews work to clear debris and restore essential services.

Events like this are becoming increasingly common across southern Europe, where extreme weather patterns continue to test emergency preparedness and resilience.


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