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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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Market Optimism: U.S. Futures Rise Amid Trade Talks and Jobs Data Anticipation

U.S. stock index futures edged higher on Friday as investors welcomed signs of easing trade tensions between the U.S. and China. Hopes of a potential resolution to the ongoing tariff disputes helped offset concerns over disappointing earnings reports from major companies like Apple and Amazon.

The market is also closely watching the upcoming jobs report, which is expected to provide further insight into the health of the U.S. labor market. Analysts anticipate that nonfarm payrolls will show a moderate increase, reflecting the broader economic trends.

Despite recent volatility, investor sentiment appears cautiously optimistic, with major indexes showing signs of recovery. The S&P 500, Dow Jones, and Nasdaq futures all posted gains in premarket trading, signaling a potentially positive start to the trading day.

As global markets react to shifting trade policies and economic indicators, traders remain focused on key developments that could shape the financial landscape in the coming weeks.

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