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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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Gaza Ceasefire Deal Reached: Hostages to be Freed Amidst Ongoing Negotiations


In a significant breakthrough, officials have announced a ceasefire deal to end 15 months of fighting in the Gaza Strip. The agreement, brokered by the United States, Qatar, and Egypt, includes the release of dozens of hostages held in Gaza and Palestinian prisoners in Israeli jails. This marks the first real break in violence since a weeklong truce expired in December 2023.

However, Israeli Prime Minister Benjamin Netanyahu has stated that several unresolved clauses remain, and the details are still being finalized. Netanyahu emphasized that the deal must receive approval from his security Cabinet and the full Cabinet before it can be implemented.

The ceasefire deal is set to bring much-needed relief to civilians in Gaza, who have endured a brutal winter amid ongoing conflict. The agreement will also allow displaced Palestinians to return to their homes and facilitate the transfer of humanitarian aid to the region.

While the news has been met with celebration, it is also bittersweet for families of those who have lost loved ones. The release of hostages is a step towards peace, but the journey to fully resolve the conflict continues.



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