A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister Mark Carney has announced that he is temporarily removing the federal excise tax on gas and diesel.
The move means that the cost of gas will drop by ten cents on a litre of gasoline and four cents per litre of diesel starting Monday and lasting until Labour Day.
The fuel tax holiday, which Carney said would also see the four cent per litre excise tax removed on aviation fuel, is expected to cost an estimated $2.4 billion.
