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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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Wall Street Hits Record High as Powell Signals Possible September Rate Cut

U.S. stocks surged Friday, with the Dow Jones Industrial Average jumping more than 800 points to close at a record high, after Federal Reserve Chair Jerome Powell hinted that interest rate cuts could be on the horizon.

Speaking at the annual Jackson Hole economic symposium, Powell acknowledged that “downside risks to employment are rising” and that the Fed’s policy stance may need adjusting if labor market weakness persists. His remarks fueled investor optimism for a potential quarter-point rate cut as early as the Fed’s September meeting, with market odds of such a move climbing above 90%.

The rally was broad-based, lifting the S&P 500 and Nasdaq by more than 1.5% each. Bond yields fell sharply as traders snapped up Treasuries ahead of a possible easing cycle, while major tech stocks and economically sensitive sectors like homebuilders and travel companies posted strong gains.

Powell emphasized that any policy shift would be data-driven, balancing the need to support employment against lingering inflation pressures from tariffs. Investors, however, took his dovish tone as a green light for further market momentum into year-end.

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