
Carney vows to tackle affordability and suspend fuel tax

Canadian Prime Minister Mark Carney vowed to tackle the cost of living and suspend the fuel tax in response to the Iran war in his first act after securing a majority government. Liberals now hold 174 seats in the 343-seat House of Commons of Canada, after winning key by-elections in three electoral districts. In a statement following the election win, Carney said the suspension of the fuel excise is expected to reduce Canadian’s bills at the petrol station by 10 Canadian cents per litre on regular gasoline and 4 cents on diesel. “We’re building a stronger, more resilient, and more independent Canadian economy,” Carney said. “As we build, we’re cutting your taxes, reducing the costs of your homes, and providing you relief at the pump.” Following Monday’s results, the Liberal Party could stay in power until 2029. Carney’s government is also the first in Canada’s history to switch from a minority government to a majority between national elections. His win in last year’s election was fuelled by public anger over U.S. President Donald Trump’s annexation threats, as Carney vowed to reduce Canada’s reliance on the U.S.. Opposition conservative leader, Pierre Poilievre, expressed dissatisfaction with the process







