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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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Navigating Europe: Essential Tips for Canadian Travelers in 2024


As a Canadian traveler venturing across the Atlantic to explore the rich history, diverse cultures, and stunning landscapes of Europe, there are several key considerations to keep in mind. Whether you’re backpacking through cobblestone streets or savoring croissants in a Parisian café, these ten tips will enhance your European adventure:

  1. Visa Requirements: Know Before You Go

    • Research visa requirements for each European country you plan to visit. Some countries allow Canadians to enter visa-free, while others may require a Schengen visa. Ensure your passport is valid for at least six months beyond your travel dates.
  2. Currency Exchange and Payment Methods

    • Familiarize yourself with the local currency. Euros are widely accepted, but some countries (like the United Kingdom and Switzerland) have their own currencies. Use credit cards for convenience, but carry some cash for smaller purchases.
  3. Health Insurance and EHIC Card

    • Obtain comprehensive travel insurance that covers medical emergencies. Additionally, apply for a European Health Insurance Card (EHIC) to access healthcare services in participating countries.
  4. Packing Essentials

    • Pack versatile clothing suitable for varying climates. Layers are your best friend! Don’t forget adapters for European electrical outlets and a sturdy daypack for city explorations.
  5. Transportation Options

    • Consider using Eurail passes for seamless train travel between countries. Budget airlines and buses are also great options. Download transportation apps to navigate efficiently.
  6. Language Basics

    • While English is widely spoken, learning a few basic phrases in the local language shows respect and can be helpful. “Hello,” “thank you,” and “excuse me” go a long way.
  7. Tipping Etiquette

    • Tipping practices vary across Europe. In some countries, service charges are included in the bill. In others, leaving a small tip (around 10%) is appreciated. Research specific guidelines for each destination.
  8. Cultural Sensitivity

    • Be mindful of cultural norms. Dress modestly when visiting religious sites, and avoid loud conversations on public transportation. Europeans value privacy and personal space.
  9. Safety Precautions

    • Europe is generally safe, but pickpocketing can occur in crowded areas. Keep your belongings secure and be cautious. Emergency numbers vary by country, so save them in your phone.
  10. Local Cuisine and Dining Hours

    • Embrace culinary delights! Try local dishes, from Spanish tapas to Italian gelato. Note that dining hours differ—many restaurants close between lunch and dinner service.

Remember, each European country has its own unique charm, so immerse yourself in the local culture, savor the flavors, and create unforgettable memories. Bon voyage! 

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