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Stock impact report

Manitoba premier says he's considering extending tax holiday on fuel [BNN Bloomberg (Canada)]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
Company Research Source: BNN Bloomberg
The NDP government fulfilled a campaign promise when it suspended, for six months, the 14-cent-a-litre provincial fuel tax on Jan. 1. The move was aimed at helping people deal with inflation. The government left the door open to a possible extension at the time, and Kinew said Tuesday he is considering it, although he was not prepared to make an announcement immediately. He referred to the recent closure of an Imperial Oil pipeline that brings gasoline, diesel and jet fuel to Winnipeg from Gretna, Man. The closure is expected to last three months. "The situation with the pipeline is something that we're learning to live with over the next few months and we're going to be there to help keep life affordable in Manitoba," Kinew said. When asked whether he would announce a decision before the budget set for April 2, Kinew was coy. "Where's the showmanship in telling you that now?" he joked with reporters. The Opposition Progressive Conservatives called on the government in th Show less Read more
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