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Gas Prices Are Finally Falling in Canada — Here's How Much You're Saving and What Comes Next

After weeks of painful price spikes driven by the U.S.-Iran conflict, Canadians are finally catching a break at the pump. The national average gas price dropped to 169.1 cents per litre on Monday, April 20 — down from a peak near 198 cents — as two things happened at once: Iran reopened the Strait of Hormuz to commercial traffic, and Prime Minister Mark Carney's federal fuel excise tax suspension came into effect. National Average 169.1¢/L ▼ Down from ~198¢/L peak Gas savings (excise tax) 10¢/L off gasoline until Sept. 7 Diesel savings 4¢/L off diesel until Sept. 7 WTI Crude (current) ~$87 ▼ Down from $120 peak What just happened — and why Since the U.S.-Iran conflict began in late February, Brent crude surged more than 55%, briefly topping $120 a barrel — the largest oil supply shock in the history of global markets, according to the Interna...
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Stocks set for a rebound after the Fed’s announcement, with Big Tech earnings in focus

 


US stock futures signaled a rebound on Thursday after the worst sell-off in months on Wall Street, as investors recalibrated their timeline for rate cuts from the Federal Reserve and prepared for a heavy-hitting round of megacap tech earnings. Futures tied to the benchmark S&P 500 rose 0.3%, while those on the blue-chip Dow Jones Industrial Average hovered above the flatline. The tech-heavy Nasdaq Composite, which suffered a more than 2% decline Wednesday, pointed up by about 0.5%.

The Federal Reserve’s announcement on Wednesday that it would not cut rates at the next meeting in March, as previously expected, was a wake-up call for investors looking for quick interest rate cuts. Instead, the bank is expected to cut rates in May. The Fed’s pivot in the central bank’s rate plans has led to a recalibration of investor expectations, which has helped to stabilize the market.

After Microsoft and Alphabet failed to live up to investors’ lofty expectations, Apple, Amazon, and Meta will take center stage after the closing bell. The earnings reports of these tech giants are expected to be heavy-hitting, and investors are eagerly awaiting the results.

In conclusion, the stock market is set for a rebound after the Fed’s announcement, and investors are preparing for a heavy-hitting round of megacap tech earnings. The Federal Reserve’s pivot in the central bank’s rate plans has led to a recalibration of investor expectations, which has helped to stabilize the market. The earnings reports of Apple, Amazon, and Meta are expected to be heavy-hitting, and investors are eagerly awaiting the results.


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