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

Tech Surge Lifts Nasdaq to Fifth Record as Fed Rate Cut Bets Intensify

 

Wall Street closed Friday on a mixed note, with the Nasdaq Composite climbing 0.5% to secure its fifth consecutive record high, fueled by gains in tech heavyweights and renewed optimism around artificial intelligence. Tesla shares hit a seven-month peak, helping push the index above 22,149.

In contrast, the Dow Jones Industrial Average fell 0.6% after Thursday’s milestone close above 46,000, while the S&P 500 slipped just below the flat line. Despite the Dow’s drop, it still posted its first weekly gain in three weeks, up nearly 1%, while the Nasdaq and S&P 500 logged their best weekly performances since early August.

Investors are positioning ahead of next week’s Federal Reserve meeting, with futures markets pricing in a 90% probability of a quarter-point rate cut and strong odds of multiple cuts before year-end. The shift in sentiment follows a string of economic reports showing labor market weakness — just over 20,000 jobs added last month and jobless claims at a near four-year high — alongside stubborn inflation pressures.

Consumer sentiment also dipped in September, with long-term inflation expectations rising to 3.9% amid concerns over the impact of tariffs. Still, traders appear confident that the Fed will prioritize supporting growth, setting the stage for a potentially market-moving week ahead.

Labels:

Comments

Post a Comment