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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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Wall Street Slips Amid Inflation Concerns: A Weekly Recap

 

In a week marked by economic turbulence, Wall Street grappled with inflation worries, sending stocks further away from their record highs. Here’s a snapshot of the market’s recent performance:

  1. Stock Decline: The S&P 500 fell by 0.5% on Friday, while the Dow Jones Industrial Average dipped by 53 points (or 0.1%). The Nasdaq also slipped by 0.7%.

  2. Inflation Reports: Despite broad cooling, inflation remains hotter than expected. Investors closely monitored economic reports, raising concerns about the Federal Reserve’s next move on interest rates. Wall Street, however, still sees potential for a rate cut in June.

  3. Mixed Economic Data: Markets experienced volatility due to mixed economic data. While some reports indicated higher-than-expected inflation, others hinted at softening in the economy.

  4. Fed’s Forecast: The Federal Reserve will release its latest interest rate forecasts this week. Investors eagerly await insights into the central bank’s stance on monetary policy.

  5. Sector Performance: In off-hours trading, software maker Adobe faced a 11.2% tumble after providing tepid guidance. Ulta Beauty, the cosmetics retailer, also disappointed investors with its guidance, leading to a 7.2% pre-market slide.

  6. Global Markets: European markets showed modest gains, with Germany’s DAX rising by 0.4%, London’s FTSE 100 inching up by less than 0.1%, and Paris’s CAC 40 jumping by 0.6%. In Asia, Tokyo’s Nikkei 225 declined by 0.3%, while South Korea’s Kospi sank by 1.9%.

As Wall Street navigates economic uncertainties, investors remain cautious. The Fed’s upcoming decisions and ongoing inflation concerns will continue to shape market dynamics. Stay tuned for further developments.



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