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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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Historic Legal Showdown: Fed Governor Lisa Cook Challenges Trump’s Attempted Firing

 

Federal Reserve Governor Lisa Cook has filed a lawsuit against the Trump administration, seeking to overturn what she calls an “illegal and unprecedented” attempt to remove her from the central bank’s Board of Governors.

The dispute erupted after President Donald Trump announced on social media that he was firing Cook over allegations of mortgage fraud dating back to 2021, before her Senate confirmation. Cook, the first Black woman to serve as a Fed governor, has not been charged with any crime and denies the allegations.

Under the Federal Reserve Act, a president can only remove a governor “for cause,” a standard generally interpreted to mean serious misconduct or neglect of duty. Legal experts note that no president in the Fed’s 112-year history has attempted such a removal, and the law’s definition of “cause” has never been tested in court.

Cook’s lawsuit argues that the allegations are a political pretext aimed at reshaping the Fed’s policymaking body, as she has consistently opposed Trump’s calls for deeper interest rate cuts. A federal judge has scheduled a hearing for Friday, setting the stage for a potentially landmark ruling on the Fed’s independence.

If the courts side with Trump, analysts warn it could erode the central bank’s political autonomy — a cornerstone of its ability to make unpopular but necessary economic decisions.

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