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Ottawa Suspends Federal Fuel Excise Tax as Iran Conflict Sends Prices Soaring

The federal government has moved to blunt the latest surge in fuel costs, announcing a temporary suspension of Canada’s federal fuel excise tax as the Iran war pushes global oil benchmarks to their highest levels since 2022. Finance Minister Mark Carney said the measure is designed to “provide immediate relief to Canadians” as geopolitical tensions ripple through global supply chains. The excise tax—10 cents per litre on gasoline and 4 cents on diesel—has been lifted nationwide for an initial 90‑day period. Ottawa estimates the suspension will save the average driver $6–$10 per fill‑up , with larger savings for rural and northern households who rely heavily on long‑distance travel and diesel‑powered transport. The move comes as crude prices spike on fears of supply disruptions through the Strait of Hormuz, a critical shipping corridor for global oil flows. Canadian refiners and retailers have already passed higher wholesale costs through to consumers, with pump prices rising 12–18 ...
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Top 10 Must-Visit Destinations in 2023-2024: Unforgettable Journeys Await!




The world is full of fascinating travel destinations and choosing the perfect vacation spot can present a challenge. Here are some popular and iconic travel destinations that have historically been great places to visit:

Paris, France: The City of Love offers iconic landmarks like the Eiffel Tower, Louvre Museum, and Notre-Dame Cathedral, along with charming streets, delicious cuisine, and a rich cultural heritage.

Tokyo, Japan: A vibrant and futuristic metropolis with a mix of traditional temples, modern architecture, high-tech gadgets, and unique cultural experiences.

Rome, Italy: A city steeped in history with ancient ruins like the Colosseum and the Roman Forum, combined with excellent cuisine and a lively atmosphere.

Sydney, Australia: Famous for the Sydney Opera House, stunning beaches like Bondi, and a mix of cosmopolitan city life and natural beauty.

Cape Town, South Africa: A stunning coastal city surrounded by mountains, offering picturesque landscapes, diverse wildlife, and vibrant culture.

New York City, USA: A bustling urban playground known for its skyscrapers, Central Park, Broadway shows, and a melting pot of cultures.

Kyoto, Japan: A city that preserves traditional Japanese culture, with beautiful temples, traditional tea houses, and serene gardens.

Barcelona, Spain: A city known for its unique architecture, especially the works of Antoni Gaudí, as well as beautiful beaches and a lively street culture.

Vancouver, Canada: A picturesque city surrounded by mountains and water, offering outdoor activities, cultural events, and a laid-back vibe.

Iceland: A land of breathtaking natural wonders, including waterfalls, geysers, glaciers, and the opportunity to witness the Northern Lights.





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