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FINWIRES

Federal Govt Will Table Its Spring Economic Update on April 28

-- The federal government will table its spring economic update on April 28, marking the one-year anniversary of the Liberals' general election win, Finance Minister Francois-Philippe Champagne told Parliament on Tuesday.

CTV News noted it will be Prime Minister Mark Carney's first since his cabinet flipped the release schedule for its budgets and fiscal updates.

Separately, CTV News noted the federal government is set to temporarily suspend the federal fuel excise tax on gas and diesel starting next week. PM Carney made the announcement in Ottawa on Tuesday, just hours after his government secured a majority through three byelection wins and some recent floor crossings involving members of parliament from other parties.

According to the federal government, the tax suspension is expected to reduce the cost of gas by 10 cents per litre on regular gas, and four cents on diesel. The suspension will come into effect on April 20 and last until Sept. 7, and it comes as global oil prices remain volatile amid U.S.-Iran tensions.

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