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Gas Prices See Another Hike Over Weekend

Over the weekend, gas prices continued to increase across much of Canada and experts warn more increases are coming this week.

The national average rose to about $2.06 on Sunday, up almost three cents from the day before and 11 cents higher compared with a week ago, according to the Canadian Automobile Association.

On Sunday, Vancouver hit nearly $2.37 a litre while Montreal posted gas prices just shy of $2.24 a litre. St. John’s saw prices of $2.23 and Toronto approached $2.15 for a litre of regular unleaded gasoline.

In the coming days, fuel prices are expected to inch up another three cents, said Dan McTeague, president of Canadians for Affordable Energy. Average gasoline prices are forecasted to reach as high as $2.12 a litre across the country by the end of Monday.

However, in Atlantic provinces, gas prices are regulated, so regulators might use so-called interrupter clauses to introduce mid-week price hikes, shared McTeague.

Rising gas prices are compounding inflation’s economic toll on Canadians.

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