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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 Reel as Geopolitical Tensions Spike Oil and Sink Futures

US stock futures fell sharply Monday as escalating conflict between the US, Israel, and Iran rattled global markets and sent investors fleeing risk assets. Dow Jones Industrial Average futures slid more than 500 points, while S&P 500 and Nasdaq 100 futures also dropped over 1%, reflecting heightened uncertainty and renewed volatility. 

Oil prices surged in response to the unrest, with Brent crude jumping between 10% and 13% in early trading before stabilizing near the high-$70 range. West Texas Intermediate climbed more than 8%, driven by fears of supply disruptions after attacks near the Strait of Hormuz—a critical passage for global crude shipments. 

The geopolitical shockwaves extended across global markets. Asian equities tumbled, gold strengthened, and investors braced for inflationary pressures tied to rising energy costs. The combination of military escalation and fragile market sentiment—already strained by volatility in tech and AI-related stocks—has amplified concerns about the economic outlook heading into March. 

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