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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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U.S. Signals Rapid Exit From Iran Conflict as Trump Escalates NATO Threats

Donald Trump scaled up threats to pull the United States out of the NATO defence alliance if European states did not help stop Iran blocking the Strait of Hormuz.

President Donald Trump has indicated that the United States may withdraw from the Iran conflict within weeks, even without a negotiated agreement, while simultaneously amplifying threats to pull the country out of NATO. 

Trump told reporters that U.S. involvement in the Iran war could end “within two weeks, maybe three,” stressing that Iran “doesn’t have to make a deal” for the U.S. to depart. His comments come amid ongoing missile and drone exchanges across the region, including strikes in Kuwait, Bahrain, and Tehran. 

At the same time, Trump criticized NATO allies for what he described as a lack of support in the conflict, calling the alliance a “paper tiger” and suggesting that withdrawing U.S. membership is now “beyond reconsideration.”

The remarks highlight Washington’s shifting and sometimes contradictory messaging as the conflict continues to disrupt global energy markets. The International Energy Agency warns that oil supply losses could double this month due to Iran’s effective closure of the Strait of Hormuz. 

The White House says Trump will address the nation with an update on Iran, signaling that major policy announcements may be imminent. 


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