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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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Market Rebound: Wall Street Surges After Turbulent Week

 

Wall Street staged a powerful comeback on Monday, with all three major indexes posting their best single-day performance since May. The Dow Jones Industrial Average soared 580 points, or 1.3%, while the S&P 500 climbed 1.5%, and the tech-heavy Nasdaq surged 1.9%.

Backdrop of Volatility Last week ended on a sour note, with markets rattled by a weaker-than-expected July jobs report and downward revisions to previous months. The disappointing labor data flipped the narrative on the economy’s strength, prompting President Trump to fire the head of the Bureau of Labor Statistics and vow a replacement soon.

Why the Bounce? Investors seized the opportunity to “buy the dip,” encouraged by:

  • Expectations of a Federal Reserve rate cut in September, with nearly 90% of bets leaning toward easing policy
  • Strong earnings reports from major companies like Nvidia, Meta, and Microsoft, which closed at all-time highs
  • A busy earnings week ahead, with over 100 S&P 500 companies set to report, including Palantir, Eli Lilly, and Disney

Global Trade Tensions Trade uncertainty remains a key concern. Trump announced plans to substantially raise tariffs on India, citing its continued purchase of Russian oil. The new tariffs—ranging from 10% to 41%—are expected to take full effect this week, adding pressure to inflation and global supply chains.

Investor Sentiment Despite the geopolitical and economic headwinds, Monday’s rally suggests investors are still optimistic about corporate performance and potential monetary easing. The rebound may signal resilience in the face of policy uncertainty and economic data shocks.


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