15
Apr
Ottawa (Rajeev Sharma): In his first major policy move after securing a majority government, Canadian Prime Minister Mark Carney announced on Tuesday, April 14, 2026, the suspension of the federal fuel excise tax. The decision comes as a direct response to the escalating conflict in West Asia and the closure of the Strait of Hormuz, which have sent global energy prices to historic highs. The suspension will take effect next Monday and remain in place until Labour Day, September 7, 2026. Carney described the move as a "responsible, temporary measure" aimed at providing immediate relief to Canadian households, truckers, and…