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10 Days Left: What the End of the Gas Tax Holiday Actually Costs You

  By MoneySavings.ca  |  August 28, 2026 The federal gas tax holiday ends in 10 days. Starting September 8, the 10-cent-per-litre federal excise tax on gasoline comes back — and diesel's 4-cent-per-litre tax returns with it. If you've gotten used to cheaper fill-ups since April, here's exactly what changes and what it'll cost you. What the Tax Holiday Actually Did Back in April, Ottawa suspended the federal fuel excise tax on gasoline, diesel, and aviation fuels to cushion Canadians from a spike in global oil prices tied to the Iran conflict. Since April 20, the federal excise rate on gasoline has sat at 0 cents per litre instead of the usual 10 cents. Diesel and aviation fuel taxes dropped to zero from their normal 4-cent rate. Finance Canada pegged the total relief at more than $2.4 billion over the year. That relief window closes September 7 — Labour Day — inclusive. On September 8, rates snap back to their standard levels: 10 cents/litre on gasoline, 4 cents/litre o...
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Market Turmoil: UnitedHealth's Plunge Sends Dow Spiraling Amid Weekly Losses

The stock market faced another turbulent session as UnitedHealth (UNH) shares plummeted over 22%, dragging the Dow Jones Industrial Average down by more than 500 points. The Nasdaq Composite and S&P 500 struggled to find footing, with both indexes sputtering after Wednesday’s tech-led sell-off.

UnitedHealth’s sharp decline followed a cut in its full-year profit forecast, making it the worst-performing Dow component of the day. The broader market also felt the weight of uncertainty surrounding trade policies and Federal Reserve decisions, as Fed Chair Jerome Powell warned of economic challenges ahead  due to tariffs.

Despite a slight rebound in the S&P 500, all three major indexes closed the week lower, with the Dow and Nasdaq falling over 2.5% and the S&P 500 down around 1.5%. Investors now turn their attention to upcoming earnings reports and economic indicators that could shape market sentiment in the coming weeks.


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