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Canada Extends C$5.3 Billion Fuel Excise Tax Relief to Ease Rising Household Energy Pressures
The Canadian federal government has extended its fuel excise tax suspension through January 31, 2027, delivering approximately C$5.3 billion in cumulative fiscal relief to consumers and commercial transport operators. The policy aims to cushion household budgets against persistent wholesale fuel margins caused by refinery disruptions and regional supply bottlenecks. While the measure softens headline transportation inflation, it introduces fresh challenges for the federal government's deficit objectives.
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