Your World Tonight Gas prices soar, Pam Bondi out, fake syrup in Quebec, and more
Apr 2, 2026
Chris Reyes, CBC reporter who covered Pam Bondi's sudden ouster, and Sasha Petrosik, CBC correspondent on Middle East developments, discuss soaring gas prices linked to Strait of Hormuz disruptions. They cover international responses to regional strikes and political fallout from Bondi's departure. The conversation also touches on trade missions, investigative findings about maple syrup purity, and unusual local stories.
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War Abroad Driving Sharp Gas Price Spike
- Gas prices in Canada jumped nearly 50 cents per litre in a month, driven largely by Middle East conflict and shipping disruptions.
- Prices varied regionally: about $1.85/L in Toronto, ~$2 in Montreal, and >$2.15 in parts of Vancouver, raising supply-chain cost concerns.
Strait Of Hormuz Blockage Keeps Oil Markets Nervous
- The Iran conflict is blocking the Strait of Hormuz and threatening crude shipments, which markets interpret as persistent supply risk.
- Trump threatened hard reprisals while Iran displayed missile launches and defiant rhetoric, keeping volatility high.
Temporary Gas Tax Cut As Immediate Relief
- Consider temporary federal tax relief on fuel to ease immediate consumer pain, as Pierre Poilievre urged removing GST and other federal gas taxes.
- Policymakers may weigh such measures against fiscal planning tied to the spring fiscal update.