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How Much Will You Actually Save at the Gas Pump This Summer?

  If you've been filling up this week and noticed the price is a bit lower than expected — that's not an accident. The federal government's fuel excise tax suspension is now law, and it means real, measurable savings at the pump for every Canadian driver from now through September 7, 2026. Here's what you need to know — and how to make the most of it before it disappears. What Just Happened? Bill C-30 received Royal Assent on June 19, 2026, officially implementing a temporary suspension of the federal fuel excise tax. The cut applies to: Gasoline: 10 cents per litre savings Diesel: 4 cents per litre savings Effective period: April 20 – September 7, 2026 The suspension was backdated to April 20, so the tax relief has technically already been flowing through wholesale fuel markets — you may already be benefiting without realizing it. What Does That Mean in Real Dollars? Toronto gas is sitting at around 161.9¢/litre as of this morning. Here's how those 10 cents tra...
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US Stock Futures Retreat After Intel’s Gloomy Outlook

 

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US stock futures retreated on Friday after Intel’s first-quarter outlook fell well short of Wall Street expectations, somewhat denting the AI-fueled hopes that have helped lift stocks to record highs. 

Intel shares fell over 10% in premarket trading, with peers AMD and Nvidia also taking a slight knock. The S&P 500 futures dropped 0.2% after a winning Thursday saw the benchmark close at another record high. Dow Jones Industrial Average futures also lost around 0.2%, while those on the tech-heavy Nasdaq 100 sank nearly 0.5%. Techs led the way lower after a gloomy outlook from Intel, as investors awaited a key inflation reading seen as influential in the timing of an interest rate cut.

The release of the PCE index for December painted a rosy inflation picture for investors, however. “Core” PCE, the inflation gauge commonly known as the Fed’s preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021. That number, combined with a hotter-than-expected early estimate on fourth quarter US GDP, could further the notion that the US economy is headed for a “soft landing.”

The Personal Consumption Expenditures Price Index (PCE) is a measure of the prices that people living in the United States pay for goods and services. It is released each month in the Personal Income and Outlays report and is used to calculate the GDP and inflation . The PCE index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. The latest release of the PCE index for December 2023 shows that the “core” PCE, the inflation gauge commonly known as the Fed’s preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021.


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