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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Economists Criticize Liberals' New Stimulus Package, Question Long-Term Impact

 

Canada’s Liberal government has unveiled a new stimulus package aimed at addressing economic uncertainty, but the move is drawing skepticism from economists who question its rationale and potential implications for fiscal policy.

The package, which includes targeted financial relief for low- and middle-income households, tax credits for businesses, and infrastructure investments, is designed to counter inflationary pressures and boost economic activity. However, experts warn that such measures may have unintended consequences.

“Introducing new spending programs in the current economic climate could exacerbate deficits and put additional strain on taxpayers in the long run,” said Kevin Milligan, an economics professor at the University of British Columbia. “It’s not good for tax policy to continually rely on temporary fixes.”

Critics also argue that the package lacks clear metrics for success and risks fueling inflation rather than curbing it. Others, however, defend the plan as necessary to support vulnerable Canadians amid rising costs of living and global economic uncertainty.

As Parliament debates the package, opposition parties have demanded greater transparency on how the funding will be allocated and its expected impact on Canada’s long-term economic health.


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