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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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Canada’s Inflation Climbs to 2.4% in September, Driven by Food and Fuel

 

National Bank economists Taylor Schleich and Ethan Currie wrote that unless recent inflation trends were “totally derailed/recast” by today’s data, the Bank of Canada is likely to cut interest rates again at its October 29 announcement.


Canada’s annual inflation rate accelerated to 2.4% in September, up from 1.9% in August, according to the latest data from Statistics Canada. The increase was slightly higher than economists’ expectations of 2.2%, signaling renewed pressure on household budgets.

The uptick was largely fueled by grocery prices, which rose 4% year-over-year, and a smaller-than-expected decline in gasoline prices, which pushed the overall Consumer Price Index higher. Shelter costs also climbed 2.6%, while transportation rose 1.5%.

Economists note that while inflation remains within the Bank of Canada’s target range of 1–3%, the upward trend could complicate the central bank’s upcoming policy decision later this month. Markets are closely watching whether the bank will proceed with another rate cut or hold steady in light of the new figures.

For Canadian households, the latest numbers highlight the ongoing challenge of balancing rising food and housing costs against modest wage growth.


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