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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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Trump's Bold Tariff Threat to BRIC Nations: A Move to Protect the U.S. Dollar


In a recent statement, President-elect Donald Trump has issued a stern warning to the BRIC bloc of nations, threatening a 100% tariff on their goods if they take any actions to undermine the U.S. dollar. The BRIC alliance, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, has been exploring ways to reduce their reliance on the U.S. dollar in global trade.

Trump's declaration comes amid growing discussions among BRIC nations about creating a new currency to challenge the dollar's dominance. This move, known as de-dollarization, aims to establish alternative trading channels and potentially implement a single currency for intra-BRIC trade. Trump, known for his protectionist stance, emphasized that any attempt to weaken the U.S. dollar would be met with swift and decisive action.

The BRIC nations collectively account for a significant portion of the world's GDP and population, making their economic policies highly influential on the global stage. Trump's proposed tariffs could have major economic consequences, potentially raising costs for American businesses and consumers while escalating international trade tensions.

As the world watches, the future of the U.S. dollar's dominance and the potential impact of Trump's tariff threats remain uncertain. The geopolitical landscape continues to evolve, with the BRIC nations seeking to assert their economic independence and the U.S. striving to maintain its financial supremacy.

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