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5 Things to Know Today: Gas Tax Holiday Extended to 2027, BoC Holds, TSX Rebounds

  September 3, 2026 A big one for your wallet just landed: Ottawa is keeping the gas tax break alive well past Labour Day. Here's what else moved markets and money in Canada today. 1. Gas tax holiday extended to January 31, 2027 The federal fuel excise tax break that was set to expire on Labour Day (Sept. 7) isn't going anywhere. Finance Minister François-Philippe Champagne confirmed the suspension of the 10-cent-per-litre gasoline excise tax and 4-cent-per-litre diesel tax will now run until January 31, 2027, before being phased back in at half-rate from Feb. 1 to March 31 and fully restored April 1. Ottawa first introduced the break in April to offset oil-price shocks tied to the Iran war. What it means for you: The scheduled Sept. 8 jump of 10–11 cents a litre is off the table for now. CAA pegged the national average at 172.9 cents/litre this week — budget around that level rather than the higher price many drivers had braced for. 2. Bank of Canada holds rate at 2.25% for a...
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Travel Insurance: A Must-Have When Travelling Outside Canada




Yes, you should buy travel health insurance before you leave Canada even for a day in the United States. Your Canadian health insurance may not pay your medical bills while you’re outside Canada. Your provincial or territorial health plan may cover none, or only a small part, of the costs of your medical care abroad. It will never pay your bills up front. Foreign hospitals can be very expensive and may require immediate cash payment. In some countries hospitals and clinics will not treat you if you do not have enough insurance or money to pay your bills. The Government of Canada will not pay your medical bills.

You can buy travel insurance through your travel agent, insurance broker, employer’s insurance provider or credit card company. Your travel health insurance policy should always cover the following 3 things: Medical evacuation, Pre-existing medical conditions and Repatriation in case of death.



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