Canada Cuts Gas Tax to Ease Soaring Fuel Costs
Prime Minister Mark Carney announced a temporary suspension of the federal gas and aviation-fuel excise tax through Labor Day to cushion Canadians from surging energy prices driven by the U.S.-Iran stalemate, cutting about 10 cents per liter and potentially costing up to C$2.4 billion in revenue; the move follows Liberal victories giving him a parliamentary majority, while Conservatives push for deeper relief.