Canadian Money Brief | October 19, 2026 CFB Wainwright Fire: What We Know and How to Help Without Getting Scammed Four Canadian soldiers are dead and 39 people were hurt after a grass fire overtook a live-fire training exercise in Alberta. When tragedy hits, Canadians want to help. Scammers know it. What happened On Saturday, October 17, a fire ignited in a training area at Canadian Forces Base Wainwright, about 200 km southeast of Edmonton. Officials say it began as a grass fire during training that included grenades and live ammunition. Military leaders said the fire was known to range control for hours and was believed to be contained enough for training to continue. Then the wind turned. Reporting from Al Jazeera and ABC News describes gusts jumping from about 50 km/h to as high as 96 km/h, pushing the flames toward soldiers and their administrative area. Defence officials said 84 members of the Princess Patricia's Canadian Light Infantry were in the training area. Four servi...
As the days grow warmer and people hit the roads for summer adventures, there’s one thing that’s not so hot: gas prices. Across Ontario, the price per litre of gasoline is expected to rise to approximately $1.79 this week, marking the highest gas price since August 2022. Here’s what’s fueling this surge:
Carbon Tax Increase: The recent carbon tax hike is contributing to the rise in gas prices. As governments aim to reduce emissions, consumers are paying more at the pump.
Geopolitical Tensions: Unrest in the Middle East has a ripple effect on oil prices. When tensions rise, so do the costs of crude oil, which directly impacts gas prices.
Seasonal Fuel Blend Change: Semi-annually, the switch-over from winter to summer gasoline occurs. Summer blends are costlier due to chemical differences. While winter blends use butane for better ignition in cold weather, summer blends incorporate expensive alkylates to minimize environmental damage.
Energy analyst Dan McTeague predicts that gas prices will continue to climb throughout the summer, with the May 24 weekend marking the kickoff of high demand. Severe weather events and geopolitical factors also play a role in oil prices. However, McTeague suggests that consumers in the Greater Toronto Area explore nearby locations for slightly cheaper gas, as some stations have more competitive prices.
So, as you fill up your tank this summer, keep an eye on the rising numbers at the pump. And remember, while gas prices may be out of our control, our choices can still make a difference.
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