• Inflation rises to 3.1% in September, as fuel prices push higher: StatsCan

  Source: CBC Politics
  Date: 2026-10-19 12:44:28.0
  Tags: [National, Economy, Affordability, Energy]

  Statistics Canada reported that Canada's annual inflation rate rose to 3.1 per cent in September, driven primarily by gasoline prices jumping 27.8 per cent year-over-year due to benchmark oil price increases stemming from ongoing conflict in the Middle East. Concurrently, grocery price inflation slowed to 1.7 per cent year-over-year—the smallest yearly increase since May 2024—while shelter prices rose 1.8 per cent year-over-year. Statistics Canada's core inflation measures eased slightly on a monthly basis ahead of the Bank of Canada's upcoming October 28 rate announcement.

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• Ottawa set to extend the pause on federal fuel excise tax: source

  Source: Global News Politics
  Date: 2026-09-02 13:20:19.0
  Tags: [National, Taxation, Economy, Affordability, Energy]

  Federal Finance Minister François-Philippe Champagne is set to announce an extension of the pause on the federal excise tax on gasoline and diesel until at least next year, preventing the return of the tax originally scheduled for September 8, 2026. The initial suspension, which took effect in April, eliminated a federal excise tax of 10 cents per litre on gasoline and four cents per litre on diesel. The decision by the federal government to prolong the tax break comes in response to rising fuel prices driven by ongoing hostilities associated with the Iran war.

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