Mark Carney Suspends Federal Gas Tax

The tax break will reduce gas prices by approximately 10 cents per litre and remain in place until early September.

While the move has been welcomed by many Canadians, the trucking and agriculture industries have cautioned that the overall impact on their operations will be limited.

Carney's decision is seen as a strategic response to the economic shock caused by the Iran war, which has driven up fuel prices nationwide.

Opposition leaders have criticized the move as a temporary fix that fails to address long-term energy security.