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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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Trump Signals Near End to Iran Conflict Amid Conflicting Messages

 

President Donald Trump has suggested that the United States is “very close” to winding down its military campaign in Iran, even as the conflict continues to escalate across the region. Speaking to reporters, Trump said the U.S. could end its operations within “two to three weeks,” emphasizing that Iran does not need to agree to a deal for the war to conclude.

The remarks come as the administration prepares a national address on the Iran conflict, now entering its second month. The war has caused widespread destruction, disrupted global energy markets, and driven oil prices sharply upward. Despite Trump’s statements about de‑escalation, U.S. troop deployments have increased, with thousands of additional Marines sent to the Middle East. 

Trump’s messaging has been inconsistent. While he has publicly hinted at a drawdown, he has also positioned U.S. forces for potential expanded operations and delayed major strikes in hopes of diplomatic progress—progress Iran denies is occurring. Meanwhile, Israeli forces have intensified their attacks, anticipating a possible U.S. withdrawal.

The administration’s mixed signals have raised questions about its endgame. Officials have cited objectives ranging from weakening Iran’s military capabilities to pressuring its leadership, though no clear metric for “mission accomplished” has been defined. For now, the region remains volatile, and despite Trump’s assurances, there is no definitive sign the conflict is nearing its end.


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