Canadian business confidence dips as tariff pressures squeeze margins - Wealth Professional

ADVERTISEMENTWatchDiesel prices are nearing record highs in Canada, squeezing businesses as Alberta police investigate a series of unusual fuel thefts. Kathy Le reports. October 02, 2026 at 5:48p.m. EDT

Some businesses in Jersey have expressed concern about the impact of rising global fuel prices. Locally, and in the UK, diesel prices recently topped £2 a litre, and global leaders have since made efforts to ease the strain on supply. The Government of Jersey has proposed to freeze fuel duty in 2027 in a bid to "help ease cost-of-living pressures". A&A Scaffolding Solutions said it welcomed that move, but said it would provide "limited relief if global prices continue to rise". Fuel duty was frozen in Jersey from 2023-2025, before rising in line with inflation in 2026. In the proposed budget for 2027, the government has suggested freezing it once again. It said "maintaining fuel duty at its current rate will help avoid additional costs for households and businesses that rely on transport, providing continued support at a time when many islanders remain under financial pressure". However, some businesses on the island worry that it will not be enough to offset global prices. Kelly Keating, from A&A Scaffolding Solutions, said "rising diesel prices are a real concern for us, particularly when they come on top of so many other costs that seem to be increasing across Jersey".