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How Much Will You Actually Save at the Gas Pump This Summer?

  If you've been filling up this week and noticed the price is a bit lower than expected — that's not an accident. The federal government's fuel excise tax suspension is now law, and it means real, measurable savings at the pump for every Canadian driver from now through September 7, 2026. Here's what you need to know — and how to make the most of it before it disappears. What Just Happened? Bill C-30 received Royal Assent on June 19, 2026, officially implementing a temporary suspension of the federal fuel excise tax. The cut applies to: Gasoline: 10 cents per litre savings Diesel: 4 cents per litre savings Effective period: April 20 – September 7, 2026 The suspension was backdated to April 20, so the tax relief has technically already been flowing through wholesale fuel markets — you may already be benefiting without realizing it. What Does That Mean in Real Dollars? Toronto gas is sitting at around 161.9¢/litre as of this morning. Here's how those 10 cents tra...
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S&P 500 Soars to Record High Two Days After Trump's Inauguration

In a remarkable turn of events, the S&P 500 index reached a record high just two days after President Donald Trump's inauguration. The market surged by 0.81%, briefly trading above 6,100, driven by renewed optimism around Trump's trade policies. Investors seemed unfazed by Trump's tariff threats, focusing instead on the potential benefits of his administration's economic plans.

The Dow Jones Industrial Average also saw gains, rising by 127 points, while the Nasdaq index climbed 1.5%. Analysts attribute the market's performance to strong earnings reports and Trump's more moderate tone on trade compared to his campaign promises.

As the new administration settles in, market watchers are keenly observing how Trump's policies will shape the economic landscape in the coming months.




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