Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump Implements 25% Tariff on Steel and Aluminum Imports

 

In a significant move, former U.S. President Donald Trump announced a 25% tariff on steel and aluminum imports, effective immediately. This decision follows a day of intense trade negotiations and threats to raise the tariff to 50%. The tariff aims to protect American industries but has sparked concerns about potential economic repercussions and strained relations with key trading partners, including Canada.

The announcement came after Ontario Premier Doug Ford agreed to suspend a proposed tax on electricity exports to the U.S., which had escalated tensions. Both sides are set to engage in further discussions to address trade disputes and explore revisions to the U.S.-Mexico-Canada Agreement (USMCA).

The tariffs are expected to impact global trade dynamics, with Canada and other affected nations preparing to respond. Critics argue that such measures could lead to higher costs for consumers and businesses, while supporters believe they will bolster domestic manufacturing.

This development underscores the complexities of international trade and the challenges of balancing national interests with global economic stability.

Labels:

Comments

Post a Comment