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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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Stock Market Hits Pause as Investors Eye Jobs Data; Bitcoin Surges Past $100,000

                                        

US stock futures stalled on Thursday as investors awaited fresh jobs data, causing the Nasdaq, Dow, and S&P 500 to hit a pause on their recent rallies. Meanwhile, Bitcoin continued its impressive run, surpassing the $100,000 mark.

Market Movements

  • Dow Jones Industrial Average (YM=F): Futures were little changed, signaling a pause in the record-setting rally that saw the Dow close above 45,000 for the first time.
  • S&P 500 (ES=F): Contracts hovered below the flat line, with investors counting down to Friday's monthly jobs report.
  • Nasdaq 100 (NQ=F): Also saw little movement, with futures hovering below the flat line.

Bitcoin's Surge

Bitcoin (BTC-USD) reached around $102,500 after breaking through the key $100,000 level late on Wednesday. This surge is driven by hopes for a crypto-friendly administration under President-elect Donald Trump, who nominated Paul Atkins to chair the Securities and Exchange Commission.

Economic Indicators

Investors are closely watching Friday's nonfarm payrolls report for a reality check on Federal Reserve Chair Jerome Powell's upbeat take on the US economy. A strong jobs report could impact the market's belief in a December rate cut.

Conclusion

As the stock market takes a breather, all eyes are on the upcoming jobs data and Bitcoin's continued ascent. The market's reaction to these events will be crucial in shaping investor sentiment moving forward.



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