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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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University of Guelph Responds to Norovirus Outbreak


The University of Guelph has confirmed a positive test for norovirus as over 190 students report symptoms of gastroenteritis. The outbreak, which began in South Residence, has prompted the university to take immediate action to contain the spread of the virus.

Public health officials have been working closely with the university to implement enhanced cleaning measures and promote hygiene best practices among students. Custodial staff are spending additional time sanitizing commonly touched surfaces, such as doorknobs and washrooms. Students are being reminded to wash their hands frequently and avoid populated areas if they are feeling ill.

Despite the outbreak, the university is confident that the risk to the broader community remains low. However, they continue to monitor the situation closely and provide support to affected students.



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