Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Carney Sets the Course: PM Outlines Government Priorities in First Post-Election Address

 

Prime Minister Mark Carney is set to unveil his government's priorities in a highly anticipated news conference today, marking his first public address since securing a fourth mandate for the Liberal Party. 

Carney, who has remained largely behind closed doors since election night, is expected to focus on key domestic and international issues, including trade relations with the United States. His office confirmed that he spoke with U.S. President Donald Trump earlier this week, with discussions centered on easing ongoing trade tensions. While Trump has indicated a meeting in Washington could happen within days, Carney's team has yet to confirm the timeline. 

Beyond trade, Carney has spent the past few days engaging with global leaders, including King Charles, Ukrainian President Volodymyr Zelenskyy, and European Council President Antonio Costa. His diplomatic outreach signals a broader effort to reposition Canada on the world stage, particularly in light of shifting geopolitical dynamics. 

Domestically, Carney faces the challenge of governing with a minority government, as the Liberals secured 168 seats—one fewer than initially reported—following a validation process by Elections Canada. The Conservatives hold 144 seats, while the Bloc Québécois, NDP, and Green Party make up the remainder of the House. 

As Carney steps into the spotlight today, Canadians will be watching closely to see how he plans to navigate the political landscape and deliver on his campaign promises. His remarks are scheduled for 11 a.m. EDT, where he will take questions from the media. 



Labels:

Comments

Post a Comment