With inflation driving up inventory wholesale costs, gas station and convenience store operators could expect customers to cut back on purchases like snacks, beverages, and premium fuel.
The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East.
Unifor welcomes the Canadian tariff countermeasures, while reiterating its call for stronger industrial policies and income security measures as the trade war with the United States escalates.
Statistics Canada says the annual rate of inflation accelerated to three per cent in July as motorists were once again paying more to fill up their tanks.
The integrated energy company reported strong cash generation and outlined strategic portfolio shifts, even as operational performance faced headwinds from planned maintenance and geopolitical tensions.