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Federal Fuel Tax Holiday
The Canadian government announces a temporary suspension of federal excise taxes on gasoline, diesel, and aviation fuels from April 20 to September 7, 2026, amid rising oil prices caused by Middle East conflicts disrupting global supply chains. This initiative, dubbed the "Fuel Tax Holiday," aims to provide $2.4 billion in relief to Canadians facing elevated costs at the pumps while Prime Minister Carney's Liberal government seeks to address public concerns following recent political developments.
Canada Energy
MK
Millar Kreklewetz
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