Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Bank of England Holds Rates, Signals Easing Ahead Amid Job Market Strain

The Bank of England (BoE) has opted to keep its benchmark interest rate steady at 4.25%, maintaining a cautious stance as signs of a weakening labor market emerge. The decision, made by a 6-3 vote within the Monetary Policy Committee, reflects growing concern over rising unemployment and global economic uncertainty, particularly due to escalating tensions in the Middle East.

Governor Andrew Bailey emphasized that while inflation remains above the BoE’s 2% target, the central bank is closely monitoring the cooling job market and its potential to ease price pressures. “Interest rates remain on a gradual downward path,” Bailey noted, though he stressed that future moves would be data-dependent.

The BoE’s decision comes amid a backdrop of elevated energy prices and geopolitical instability, which could complicate efforts to bring inflation under control. Still, with wage growth slowing and job vacancies declining, policymakers appear increasingly open to further rate cuts—possibly as soon as August.

Investors are now pricing in at least two more quarter-point cuts by the end of 2025, signaling a shift toward a more accommodative monetary policy as the UK economy navigates uncertain terrain.


Labels:

Comments

Post a Comment