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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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Markets Rebound Amid Fed Chair's Optimism, But Weekly Losses Persis

                                            

U.S. stocks ended the week on a mixed note, with a late rally on Friday following comments from Federal Reserve Chair Jerome Powell. Powell's assertion that the economy remains "in a good place" provided a boost to investor sentiment, helping major indices recover from early declines. However, the week as a whole saw significant losses, driven by ongoing concerns over trade policies and economic uncertainty.

The S&P 500, Nasdaq, and Dow Jones Industrial Average all posted their third consecutive week of declines, marking the longest losing streak since mid-2024. Despite Friday's gains, the S&P 500 recorded its largest weekly drop since September, reflecting broader market volatility.

Powell's remarks emphasized a cautious approach to monetary policy, signaling that the Federal Reserve is not in a rush to cut interest rates. This tempered optimism was met with lingering unease over trade tensions and their potential impact on economic growth.


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