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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 Today: Record Highs as Fed Signals Delay in Rate Cuts



Investors rejoiced today as Wall Street surged to new heights, building upon a record-setting rally. The Federal Reserve’s recent signals of delaying but not slowing down rate cuts fueled the market’s optimism.

Key Highlights:

  1. Fed’s Decision: The Federal Reserve announced its decision to keep interest rates steady, but with a twist. It expects to cut rates three times this year, providing a boost to investor confidence.

  2. Reddit’s IPO: Social media giant Reddit (RDDT) made its public debut on the New York Stock Exchange (NYSE) today. Priced at $34 per share, the company is now valued at nearly $6.5 billion.

  3. Market Rally: All three major indices – the Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (GSPC) – closed at new highs. The S&P 500 surpassed the 5,200 level, while the tech-heavy Nasdaq Composite moved up 0.9%.

  4. Inflation Concerns: Despite sticky inflation data, the Fed maintained its outlook for three rate cuts in 2024. Policymakers remain committed to their easing strategy.

  5. Gold Soars: Gold prices (GC=F) jumped to a record above $2,200 an ounce, reflecting investors’ confidence in the Fed’s approach.

  6. AI Growth and Beyond: While AI growth continues to boost tech stocks, other market drivers are likely to come into focus in the coming weeks.

  7. Swiss National Bank’s Move: The Swiss National Bank surprised markets by lowering interest rates, signaling confidence that tightening has peaked in leading economies.

With the next Fed policy meeting scheduled for May, investors will closely monitor economic indicators and corporate developments. As Reddit joins the NYSE, and Micron (MU) shares surge, the market remains dynamic and full of opportunities.

Stay tuned for more updates as the stock market continues its upward trajectory.


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