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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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UK Eyes Economic Accord as a Path to Tariff Relief

The United Kingdom remains optimistic about the prospects of securing the reversal of US-imposed tariffs through an upcoming economic agreement. Officials from Britain view this potential accord as a critical opportunity to strengthen bilateral trade ties and reduce trade barriers that have strained the economic relationship between the two nations.

Negotiations have gained momentum as both parties seek to address key trade issues, including tariffs on steel, aluminum, and other goods. The UK's leadership has expressed hope that removing these tariffs will not only benefit exporters but also foster economic growth on both sides of the Atlantic.

As discussions advance, analysts are closely observing the diplomatic dynamics that will shape the outcome of the agreement. The deal, if finalized, could mark a turning point in the UK-US economic partnership, paving the way for deeper collaboration and mutual prosperity.


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