Carney to announce affordability measures after securing majority in byelection wins
Posted on: Apr 14, 2026 18:31 IST | Posted by: Cbc
Carney to denote affordability measures after securing legal age in byelections
A daylight after wholesale three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister Mark Carney will try to give voters a reason to be reassured with the rising cost of living Tuesday by announcing new affordability measures.
According to a senior government source, one of those measures will impact the federal fuel excise tax which now sits at ten cents on a litre of gasoline and four cents on a litre of diesel.
The current national average for a litre of gas is just over 176 cents, up from just over 126 cents a little before the United States and Israel launched their attack on Iran and oil stopped flowing through the Strait of Hormuz.
About a fifth of the world's oil transits through the strait from states in the Persian Gulf including Iran, but that passage has been all but shut by the threat of Iranian drones and mines since the conflict began.
When talks between the United States and Iran to end the war and reopen the strait failed, the U.S. Announced it would begin a naval blockade of Iranian ports and attempt to reopen the straight to traffic from other countries.
That announcement saw prices dip slightly but the crisis in the strait continues and volumes have yet to resume to anywhere near the pre-war averages.
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