Bay Street Edition

The Oil Shock Now Rippling Through Canada’s Economy Isn’t Going Away

Also: Why Aritzia shares soared this week

Food prices are about 20% higher than they were before the Covid pandemic, according to a CIBC report. Spiking energy prices won’t help.Photographer: David Paul Morris/Bloomberg

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By Christine Dobby

April 10, 2026 at 3:03 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about war and sticky prices, RBC’s new fund for Canadian entrepreneurs and Mark Carney on the verge of a majority government. Plus: space is cool!