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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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Stock Market Bounces Back After Tuesday’s Slide


 U.S. stocks are showing resilience today, recovering some of the ground lost during Tuesday’s tumultuous trading session. After a sharp 1.4% decline on Tuesday, the S&P 500 is now 0.5% higher in early trading on Wall Street.

Investors were jolted by a hotter-than-expected report on inflation, which led to concerns that the Federal Reserve might maintain high interest rates for longer than anticipated. The delay in forecasts for interest rate cuts has been a significant factor affecting market sentiment. Expectations of rate cuts had previously fueled the stock market’s recent record-setting rally.

Despite the recent volatility, several companies are making headlines today:

  1. DaVita: The health care company reported stronger-than-expected profits and revenue for the latest quarter, propelling its stock up by 8.2% in the S&P 500.
  2. Lyft: After a wild ride in off-hours trading driven by a typo in its earnings report, Lyft shares surged by 32.8%. The ride-hailing company corrected the typo, but the initial confusion led to a significant after-hours boost.
  3. Uber Technologies: The ride-hailing giant’s board authorized a program to buy back up to $7 billion of its stock, a move that investors tend to favor for its direct impact on per-share profits.

A calmer bond market is also contributing to the steadier stock performance. Treasury yields have eased after their sharp rise, with the 10-year Treasury yield currently at 4.26%, down from Tuesday’s level of 4.32%. However, it remains significantly higher than the start of this month’s 3.85%.

While uncertainties persist, today’s recovery suggests that investors are cautiously navigating the complex landscape of interest rates and economic growth. As always, the stock market remains a dynamic arena, influenced by a multitude of factors. Stay tuned for further developments as we continue to monitor the financial landscape.


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