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

5 Things to Know Today: Gold Miners Rally, Oil Tops $95, and Insurance Bills Are Climbing

 

July 22, 2026

Here's what Canadians need to know before markets open today — from a gold-fuelled TSX rally to a fresh jump at the gas pumps.

1. Gold miners power the TSX to a two-week high

The S&P/TSX Composite closed Tuesday up 1.17% at 35,369, its best session in two weeks, as gold prices climbed above $4,070 an ounce on hopes for a diplomatic breakthrough between the U.S. and Iran. Mining names led the board: Agnico Eagle gained 4.3%, Barrick added 4.6%, Wheaton Precious Metals jumped 6.7%, and Franco-Nevada rose 4.1%.

What it means for you: If your TFSA or RRSP holds a broad Canadian index fund (like XIC or VCN), gold and mining stocks make up a meaningful slice of that return. A rally like this is a reminder of why the TSX often moves differently than the S&P 500 — commodities carry more weight here.

2. Oil jumps to $95 a barrel despite ceasefire talk

Brent crude touched roughly $95.47 a barrel this morning, up more than $7 in two days, even as mediators reportedly push for a 10-day truce between Washington and Tehran. Houthi threats to blockade shipping near Saudi Arabia are keeping traders on edge.

What it means for you: Gas prices had just started easing after June's cooler inflation report. This renewed spike suggests relief at the pumps may be short-lived — worth filling up before a long weekend rather than after.

3. Home insurance bills are about to get pricier

Intact Financial reported roughly $416 million in pre-tax catastrophe losses for the second quarter, driven largely by flooding and wind damage across several Canadian regions, plus a broad-based rise in fire claims. Analysts at Morningstar DBRS have warned Canadian insurers are likely to see more volatile results through 2026.

What it means for you: Insurers typically pass rising catastrophe costs on to homeowners at renewal. If your policy is up in the next few months, shop around early and ask about bundling home and auto — it's one of the more reliable ways to soften the increase.

4. Ottawa fast-tracks the Port of Vancouver's expansion

The federal government has referred the Port of Vancouver Gateway Strategy — including the Roberts Bank Terminal 2 project — to the Major Projects Office for potential designation as a project of national interest under the Building Canada Act. The goal is to speed up regulatory approval and grow Canada's trade capacity beyond the U.S., including access to Indo-Pacific markets.

What it means for you: With new U.S. tariffs squeezing Canadian exporters, projects like this are part of the longer-term plan to reduce reliance on one trading partner. It won't move your grocery bill this week, but it's the kind of infrastructure push that shapes jobs and shipping costs for years.

5. Big Tech earnings could move your TFSA this week

Alphabet reports earnings today after the close, and chip stocks are already rallying — the SMH semiconductor ETF jumped 4.5% Tuesday, with Celestica up more than 11% on the strength of the AI trade. AT&T reports before the open, adding to a busy week of results.

What it means for you: Most Canadians have some U.S. tech exposure through TFSAs, RRSPs, or ETFs like XQQ or VFV. Earnings weeks like this can add short-term volatility — a good reminder not to check your balance every day if you're investing for the long run.

This article is for general informational purposes and does not constitute financial advice. Always consult a licensed financial advisor before making investment decisions.

Labels:

Comments

Post a Comment