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

Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

 


Markets defy trade jitters with mixed performance

Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close, buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain, while the Dow Jones Industrial Average slipped 0.3%, reflecting investor caution amid escalating tariff tensions.

Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports, markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves.

Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results, signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 before retreating as the crypto market hit a $4 trillion milestone.

As Wall Street digests mixed signals from earnings and trade policy, the market’s ability to hold near record highs suggests investors remain cautiously optimistic about the economic outlook.

Labels:

Comments

Post a Comment