The Canadian economy is awash in contradictions. Progress has been made in the fight against inflation. The economy has dodged a recession. But unemployment is rising, consumer spending is expected to slow further and the Bank of Canada has a laundry list of things it's worried about.

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that's not going to be an easy job.

Despite Western sanctions meant to curtail energy exports and squeeze its economy, experts say Russia is using its so-called shadow fleet of tankers to make as much as $1 billion a day selling oil, skirting a global price cap and funding its war in Ukraine.