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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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Hassan Nasrallah: The Enigmatic Leader of Hezbollah

 

Hassan Nasrallah, born in Beirut in 1960, is the Secretary-General of Hezbollah, a prominent Shia Islamist militant group and political party based in Lebanon. Nasrallah joined Hezbollah in 1982, the year it was founded, and quickly rose through its ranks. He became the group’s leader in 1992 after the assassination of his predecessor, Sayyad Abbas Musawi.

Nasrallah is known for his charismatic leadership and strategic acumen, which have significantly shaped Hezbollah’s role in the Middle East. Under his leadership, Hezbollah has engaged in multiple conflicts with Israel and has been a key player in the Syrian Civil War. Despite being viewed as an extremist by Israel and the West, Nasrallah remains a highly influential figure in Lebanese politics and among Shia communities worldwide.

Nasrallah’s leadership style is marked by his ability to inspire loyalty and his adept use of media to communicate with his followers. He has rarely been seen in public in recent years due to fears of assassination, relying instead on televised speeches to maintain his presence.

Recently, reports have emerged claiming that Nasrallah was killed in an Israeli airstrike, although Hezbollah has yet to confirm these claims. If true, his death would mark a significant turning point for Hezbollah and the broader geopolitical landscape of the Middle East.


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