Fwd: Issue 255: Economic Update, PM Carney Addresses Nation, Gas Tax and More!

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Moyez Kamani

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Apr 23, 2026, 1:09:36 PM (3 days ago) Apr 23
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Have an excellent day.

Moyez Kamani, CISA, CRISC, CTM
MoNaz Consulting Inc. - Director
Toronto, On. Canada


www.linkedin.com/in/moyez-kamani-421bba4/
www.linkedin.com/in/moyez-kamani-103170

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---------- Forwarded message ---------
From: The Ismaili Canada <nor...@iicanada.org>
Date: Tue, Apr 21, 2026 at 11:27 PM
Subject: Issue 255: Economic Update, PM Carney Addresses Nation, Gas Tax and More!
To: moyez kamani <moyez....@gmail.com>


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IICanada
WEEKLY | ISSUE 255 CANADA 21 April 2026 | CANADA
Economic Update

Let ethics and integrity guide every action, decision, and financial choice.

Economic Update in Light of Current Geo-Political Events

  • Inflation. We have already seen rising gas prices at the pump. Grocery prices, air travel, and other everyday goods that require shipping and transport will be affected.
  • Investments. There is market volatility and uncertainty. Energy and Technology are highly volatile. Consumer discretionary sectors are sensitive to consumer confidence and inflation. Materials industries including Gold are pulling back from highs. 
  • Housing. Expensive cities like Vancouver and Toronto are seeing housing stagnate or prices fall due to rising cost-of-living, high housing inventory and the fact that further rate cuts might be unlikely this year.
  • Employment. The job market is softening with slower hiring. There is increased competition for roles, and unclear effects of AI especially in white-collar roles. Wage growth is not fully keeping pace with inflation, and we have started seeing restructuring-related layoffs. 
  • Small businesses face increased input costs, reduced consumer spending and increased borrowing cost.

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‘The U.S. Has Changed and We Must Respond,’ Says PM Carney in Direct Address

Source:CTV News

In a national address, Prime Minister Mark Carney said Canada must confront shifting economic realities as trade tensions with the United States strain a once-reliable partnership, while committing to speak directly and candidly with Canadians about the path forward.

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Source: CBC News

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Gas Tax Suspended

Source: CTV News

The federal government has temporarily suspended the fuel excise tax from April 20 to September 7, lowering gas prices by about 10 cents per litre and diesel by 4 cents amid ongoing global oil price volatility.

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Air Canada Suspends 6 Routes ‘No Longer Economically Feasible’ Amid Jet Fuel Cost Crisis

Source: CBC News

Air Canada has suspended six domestic and cross-border routes and reduced some flight frequencies as rising jet fuel costs make certain routes no longer economically viable.

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Here Are Some of the Most Surprising Tax Claims That Are Absolutely Legitimate

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