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Bill C-30 Just Passed: 5 Ways It Changes Your Wallet in 2026

  Canadian Money Brief Bill C-30 just received Royal Assent — and it touches your gas tank, your TFSA neighbour the RRSP, your CPP statement, and your tax return all at once. Here are the five changes that actually matter for your wallet. 1. The Federal Fuel Excise Tax Is Suspended Until September 7 The federal excise tax on gasoline and diesel is paused from April 20 through September 7, 2026 — shaving 10 cents per litre off gas and 4 cents off diesel at the pump. The tax break also extends to aviation fuel. If you're road-tripping this summer, the savings show up automatically; you don't need to do anything to claim it. Just don't expect it to last past Labour Day weekend, since the suspension is scheduled to expire September 7. 2. Home Buyers' Plan Repayment Window Triples — From 2 Years to 5 If you used your RRSP to fund a down payment through the Home Buyers' Plan, the grace period before you have to start repaying yourself is extending from two years to five, ...
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Tariff Turmoil: Markets React as Trump Targets Key Trading Partners

                                              

U.S. stock index futures took a sharp hit on Monday after President Trump announced steep tariffs on imports from Canada, Mexico, and China. The new measures include a 25% duty on goods from Canada and Mexico and a 10% levy on Chinese products, sparking fears of an escalating trade war and its potential to disrupt global supply chains.

Dow futures fell by more than 500 points early in the session, while both S&P 500 and Nasdaq futures dipped by around 1.5% to 2%. The sudden drop reflects mounting concerns among investors that the tariffs could trigger retaliatory measures from the affected nations, further intensifying market volatility and potentially slowing economic growth.

Analysts warn that if the trade conflict intensifies, the resulting uncertainty may push inflation higher and force the Federal Reserve to reconsider its policy stance. With key economic data and quarterly earnings reports on the horizon, traders and investors are closely monitoring the situation for further clues about the future direction of the markets.

Globally, markets from Europe to Asia have also shown signs of strain, underscoring the broad impact of the U.S. tariff policy. As nations weigh their responses, the coming days will be critical in determining whether these moves mark the start of a broader trade confrontation or a temporary market correction.


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