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Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
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Wall Street Treads Cautiously Amid Earnings Surge

 


As the earnings season reaches its midway point, Wall Street finds itself in a delicate balancing act. Here’s a snapshot of today’s market dynamics:

  • S&P 500 (GSPC) futures edged up by less than 0.1% before the opening bell.
  • Dow Jones Industrial Average (DJI) futures experienced a marginal decline, shedding less than 0.1%.

Investors are closely monitoring corporate results, but optimism for a March interest rate cut is waning. Recent data confirms the resilience of the U.S. economy, despite the Federal Reserve’s efforts to curb inflation through interest rate hikes. Notable highlights include:

  1. Strong Services Sector: A report on Monday revealed that U.S. services industries are growing faster than expected, reflecting economic strength.
  1. Labor Market Resilience: Friday’s robust jobs report indicated a still-strong labor market, despite ongoing layoffs.

Market sentiment suggests that the Fed’s projected interest rate cuts may be pushed back to June, rather than May. Traders are adjusting their expectations accordingl.

In equities trading, some key movers include:

  • Tesla (TSLA): The electric car company continues to slide, losing over 2% in premarket trading. Concerns about recalls and future earnings weigh on investor confidence.
  • FMC: The Philadelphia chemical maker saw a 14% premarket tumble after falling short of Wall Street expectations in sales and profit.
  • Spotify (SPOT): The music streaming and podcast platform surged more than 6% after reporting stronger-than-expected subscriber growth, despite revenue missing analyst targets.

As we await earnings reports from heavyweights like CVS Health, The Walt Disney Co., and PepsiCo, the market remains cautiously optimistic. Stay tuned for further developments as the earnings season unfolds! 

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