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Carney Extends Gas Tax Break as Iran War Keeps Energy Costs High
Source: Bloomberg
Fiscal Policy & BudgetEnergy Markets & PricesGeopolitics & WarInflation
Canada’s government will extend the suspension of a fuel excise tax to early 2027, providing ongoing relief as energy costs rise amid war-related disruptions linked to Iran. The move is primarily a fiscal/policy offset to higher fuel prices rather than a change in broader macro policy.
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