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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...
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Sunoco Acquires Parkland in $9 Billion Deal, Reshaping Fuel Distribution in the Americas

In a major move within the fuel supply industry, Sunoco LP has announced its acquisition of Canada-based Parkland Corp. in a deal valued at approximately $9.1 billion, including debt. This transaction positions the combined entity as the largest independent fuel distributor in the Americas.

The acquisition follows Parkland’s strategic review, initiated in March, after pressure from its largest shareholder, Simpson Oil, which holds nearly 20% of Parkland’s shares. As part of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units per share. The deal is expected to close in the second half of the year and is projected to generate over $250 million in synergies by the third year.

Sunoco has committed to maintaining Parkland’s Burnaby Refinery, which produces low-carbon fuels, ensuring long-term fuel supply to Canada’s Lower Mainland region. Additionally, Sunoco will establish SUNCorp LLC, a new publicly traded entity that will hold limited partnership units equivalent to Sunoco’s common units.

This acquisition marks a significant consolidation in the fuel supply sector, reinforcing Sunoco’s presence across North America while securing Parkland’s future in the evolving energy landscape.



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