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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...
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Freeland's Exit and Economic Woes: Canada Faces $61.9 Billion Deficit

In a dramatic turn of events, the Canadian government unveiled its fall economic update on Monday, revealing a staggering $61.9 billion deficit for the last fiscal year. The announcement was overshadowed by the abrupt resignation of Finance Minister Chrystia Freeland, who stepped down just hours before she was scheduled to present the update.

Freeland's resignation letter, posted on social media, cited irreconcilable differences with Prime Minister Justin Trudeau over the country's economic direction. She criticized the government's "costly political gimmicks" and urged Trudeau to work collaboratively with provincial leaders to address the looming threat of tariffs from U.S. President-elect Donald Trump.

The economic update, tabled by Government House Leader Karina Gould, includes over $20 billion in new spending and a $1.3 billion border security package aimed at countering Trump's tariff threats. The document also highlights the government's GST holiday, which took effect on Saturday and is expected to cost $1.6 billion.

Freeland's departure has sparked calls for Trudeau's resignation and raised questions about the future of Canada's economic policy. Public Safety Minister Dominic LeBlanc has been sworn in as the new finance minister, tasked with navigating the country through these turbulent times.



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