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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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Carney and Xi Signal Thaw in Canada-China Relations After Landmark Meeting

                                       Prime Minister Mark Carney and Chinese President Xi Jinping

Prime Minister Mark Carney declared a “turning point” in Canada-China relations following his first formal meeting with Chinese President Xi Jinping in nearly a decade. The two leaders met on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, marking the most significant high-level engagement between the two countries since 2017.

During the nearly 40-minute bilateral discussion, Xi extended an official invitation for Carney to visit China, a gesture widely seen as a step toward repairing strained ties. If accepted, it would be the first official visit by a Canadian prime minister to China since Justin Trudeau’s attempt to launch trade talks eight years ago.

Carney described the meeting as “very constructive,” emphasizing that it opened the door to pragmatic dialogue on trade irritants and broader cooperation. While no immediate breakthroughs were announced on contentious issues—such as Chinese tariffs on Canadian canola, seafood, and pork, or Canada’s restrictions on Chinese electric vehicles—the prime minister stressed that the encounter created “a path to address current issues.”

The meeting comes after years of frosty relations, marked by disputes over trade, technology, and human rights. Analysts suggest that both sides are motivated by economic necessity: Canada is seeking to diversify its trade partnerships amid global uncertainty, while China is looking to stabilize ties with Western economies as it navigates slowing growth.

Xi highlighted the “long history of cooperation” between the two nations and expressed optimism about future engagement. His invitation to Carney signals Beijing’s willingness to re-engage at the highest political level.

Though challenges remain, the symbolism of this meeting is significant. It suggests that Canada and China may be entering a new phase of cautious re-engagement, with opportunities for progress in trade, agriculture, and climate cooperation.

For now, Carney’s declaration of a turning point reflects both optimism and realism: while the road ahead may be complex, the willingness to talk marks a notable shift from years of silence.


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