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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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Tragedy in the Aegean: Migrant Boat Capsizes Off Turkish Coast, Leaving 18 Dead

 

                                            18 dead after migrant boat sinks off Turkey's Aegean coast.


At least 18 migrants have died after an inflatable boat capsized off Turkey’s Aegean coast near Bodrum, with rescue teams continuing to search for the missing. Turkish authorities report that the vessel ignored repeated coast guard warnings before taking on water in rough seas and sinking. 

What Happened

A rubber boat carrying dozens of migrants capsized early Wednesday off the coast of Bodrum, a popular resort city in southwestern Turkey. According to the Turkish Coast Guard, the vessel attempted to flee at high speed after ignoring multiple warnings to stop. It soon began taking on water amid rough sea conditions and ultimately sank. 

Casualties and Rescue Efforts

  • 18 migrants were found dead, according to official statements.
  • 21 survivors were pulled from the water by rescue teams supported by a helicopter dispatched from Izmir.
  • Authorities say the search for additional victims is ongoing, as the total number of passengers remains unclear. 

Context

The Aegean Sea remains one of the most dangerous migration routes into Europe. Despite the short distance between Turkey and nearby Greek islands such as Kos, overcrowded and unseaworthy vessels, combined with unpredictable weather, frequently lead to fatal accidents. Turkey continues to host millions of refugees from Syria, Iraq, and Afghanistan, many of whom attempt the perilous crossing in hopes of reaching the European Union. 


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