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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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Ceasefire in Gaza: A Historic Prisoner Swap

In a significant development towards peace, Hamas militants released four female Israeli soldiers held captive since October 7, 2023. The soldiers, Karina Ariev, Daniella Gilboa, Naama Levy, and Liri Albag, were handed over to the Red Cross in Gaza City. This exchange was part of a broader ceasefire agreement between Hamas and Israel, which also saw the release of 200 Palestinian prisoners.

The ceasefire, brokered by Egypt and Qatar with backing from the United States, aims to end the 15-month-long conflict that has devastated Gaza. The release of the soldiers was met with jubilation in Israel, with crowds gathering in Tel Aviv's Hostages Square to watch the event on large screens.

Israel's release of the Palestinian prisoners, including many serving life sentences for deadly attacks, was a crucial part of the agreement. The ceasefire has so far held, reducing hostilities and allowing humanitarian aid to flow into Gaza.

This historic exchange marks a hopeful step towards lasting peace in the region, with both sides working towards further negotiations to secure the release of remaining hostages and the withdrawal of Israeli forces from Gaza.




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