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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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Megacaps Rally as Investors Await Inflation Data and Major Bank Earnings


The stock market has been on a roller coaster ride lately, with investors keeping a close eye on inflation data and major bank earnings. On Wednesday, the market saw a boost as megacaps rallied, with Microsoft, Meta Platforms, and Nvidia leading the charge. The S&P 500 index gained 0.57%, while the Nasdaq Composite advanced 0.75% and the Dow Jones Industrial Average rose 0.45%.

The benchmark 10-year Treasury note yield held near 4%, and a $37 billion auction of the notes drew above-average demand. Communication services was the best performing of the 11 major S&P sectors, lifted by a roughly 4% rise in Meta Platforms’ stock to the highest level since September 2021, after Mizuho raised its price target to $470 from $400. Nvidia hit a record high after fellow chipmaker TSMC beat fourth-quarter revenue expectations.

After ending 2023 with a strong rally, stocks have struggled to find upward momentum, with the S&P 500 barely positive on the year, as mixed economic data and comments from Federal Reserve officials have led investors to dial back expectations for the timing and size of any rate cuts from the central bank this year.

The market is reassessing its 2024 expectations in terms of earnings and interest rates, and really looking to justify the surge in prices that we saw in November and December. It’s sort of a good sign that the market is treading water early in the year because it implies that investors really don’t want to miss out on anything else that could be good.


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