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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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Hurricane Helene Devastates Southeastern U.S., Leaving 64 Dead and Millions Without Power

 

Hurricane Helene has left a trail of destruction across the southeastern United States, resulting in at least 64 fatalities and leaving millions without power. The storm made landfall as a Category 4 hurricane, bringing with it devastating flooding and high-speed winds that have wreaked havoc from Florida to the Carolinas.

In Florida’s Big Bend region, where Helene first struck, residents woke up to extensive damage. Floodwaters reached over 15 feet in some areas, and numerous homes were destroyed. The storm’s impact was felt deeply in Georgia as well, where at least 15 people lost their lives, including a first responder.

As rescue operations continue, the full extent of the damage is becoming clear. Communities are grappling with the aftermath, facing a long and challenging recovery process. The power outages have compounded the difficulties, leaving millions without electricity and complicating rescue and relief efforts.

Authorities are urging residents to stay safe and heed evacuation orders as they work to restore power and provide aid to those affected. The path to recovery will be long, but communities are coming together to support one another in this time of crisis.


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