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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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Global Technology Outage Causes Major Disruptions Worldwide

 


A widespread technology outage on July 19, 2024, has caused significant disruptions across various sectors globally. The outage, primarily affecting Microsoft services, grounded flights, knocked banks and hospital systems offline, and took media outlets off the air.

The issue, which was not a result of a cyberattack, stemmed from a faulty update deployed by cybersecurity firm CrowdStrike. This update affected computers running Microsoft Windows, leading to cascading problems in airline communications, banking systems, and media broadcasting.

Airlines in the U.S., Europe, and Asia experienced severe delays as they lost access to check-in and booking services. Banks in South Africa and New Zealand reported outages in their payment systems, while hospitals and doctor’s offices faced challenges with appointment systems. Media outlets in Australia were pushed off air for hours.

Microsoft has been working to reroute impacted traffic to alternate systems to alleviate the issue and has observed a positive trend in service availability. However, the disruptions have highlighted the global dependence on a few key technology providers and the potential vulnerabilities in such a centralized system.

This incident underscores the critical need for robust contingency plans and diversified technology solutions to mitigate the impact of such widespread outages in the future.


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