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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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AI Surge Fuels Wall Street Optimism Amidst Fed Watch

 

Wall Street ended on a high note as investors’ enthusiasm for artificial intelligence (AI) outweighed concerns over the upcoming Federal Reserve meeting. The technology sector, led by giants like Alphabet and Tesla, saw a significant rebound, particularly with the Nasdaq index climbing 0.82%. Alphabet’s shares soared following reports of Apple potentially integrating Google’s Gemini AI engine into the iPhone, marking a substantial boost for the communication services sector.

Investors are keenly awaiting the Federal Reserve’s policy update, with mixed feelings about the potential outcomes. While the AI sector’s prospects have injected optimism, there’s a palpable tension regarding the Fed’s next move. The Dow Jones rose modestly by 0.20%, and the S&P 500 gained 0.63%, reflecting a cautious yet hopeful market stance.

In contrast, the Toronto Stock Exchange (TSX) experienced a slight dip, diverging from its American counterparts. This minor setback, however, has not dampened the overall market sentiment, which remains buoyed by the AI-driven tech rally. As the week progresses, all eyes will be on the Federal Reserve’s decision, which is expected to bring clarity to investors’ lingering questions about the future of monetary policy.

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