Skip to main content

Featured

How Much Will You Actually Save at the Gas Pump This Summer?

  If you've been filling up this week and noticed the price is a bit lower than expected — that's not an accident. The federal government's fuel excise tax suspension is now law, and it means real, measurable savings at the pump for every Canadian driver from now through September 7, 2026. Here's what you need to know — and how to make the most of it before it disappears. What Just Happened? Bill C-30 received Royal Assent on June 19, 2026, officially implementing a temporary suspension of the federal fuel excise tax. The cut applies to: Gasoline: 10 cents per litre savings Diesel: 4 cents per litre savings Effective period: April 20 – September 7, 2026 The suspension was backdated to April 20, so the tax relief has technically already been flowing through wholesale fuel markets — you may already be benefiting without realizing it. What Does That Mean in Real Dollars? Toronto gas is sitting at around 161.9¢/litre as of this morning. Here's how those 10 cents tra...
Post a Comment
Read more

article

Labels

U.S. Stock Market Rallies as Dow Streaks and S&P 500 Surges


The U.S. stock market experienced a significant upswing today, with the Dow Jones Industrial Average extending its winning streak to seven consecutive trading sessions. The S&P 500 also made a notable climb, moving back above the 5,200 mark for the first time since early April. This positive momentum is largely attributed to signs of a cooling labor market, which has fueled investor optimism for a potential rate cut by the Federal Reserve in the coming months.

  • Dow’s Winning Streak: The Dow rose by approximately 0.9%, marking its seventh day of gains.
  • S&P 500’s Climb: The S&P 500 gained 0.5%, breaching the 5,200 level once again.
  • Labor Market’s Influence: Initial weekly jobless claims increased, suggesting a slowing job market and raising hopes for a Fed rate cut.
  • Sector Performance: Real Estate and Utilities led the sectors, while Technology and Communications Services lagged behind.

Investors are closely monitoring the labor market and other economic indicators to gauge the Federal Reserve’s next moves, which could have significant implications for the stock market’s trajectory in the near future.

Labels:

Comments

Post a Comment