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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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Markets on Edge as US Strikes Push Conflict Beyond Expectations

 

                                    Operation Epic Fury' is well ahead of schedule according to US Admiral Brad Cooper


Global markets were shaken as the United States intensified its military campaign against Iran, advancing faster than anticipated and triggering a surge in energy prices. The coordinated US–Israeli strikes targeted Iranian missile sites and air‑defense systems, with American commanders describing the operation as progressing “ahead of the game plan.” 

Oil and gas markets reacted immediately. With the conflict unfolding along one of the world’s most critical energy corridors, fears of prolonged supply disruptions sent crude prices sharply higher. Investors shifted toward safe‑haven assets such as gold, while major stock indices experienced volatility amid uncertainty over how long the confrontation might last. 

The situation on the ground in Iran added to global unease. Tehran was described as a “ghost town” as civilians fled urban centers, and retaliatory strikes continued across the region. More than 20,000 flights were canceled throughout the Middle East, prompting governments to rush to repatriate stranded travelers. 

As the conflict entered its fifth day, analysts warned that extended instability in the region could have far‑reaching economic consequences. With Iran positioned at a vital chokepoint for global oil shipments, even short‑term disruptions risk amplifying inflationary pressures and slowing global growth. 


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