Skip to main content

Featured

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...

article

Erdogan Denounces Israeli Policies, Reaffirms Palestinian Sovereignty in Pakistan

 

During a high-profile visit to Pakistan on Thursday, Turkish President Recep Tayyip Erdogan launched a scathing critique of Israel’s handling of the Gaza situation. Speaking at a televised business forum in Islamabad, Erdogan condemned what he described as Israel’s failure to honor a ceasefire and its aggressive military actions in Gaza.

“Gaza belongs to our Gazan brothers and sisters and will remain so forever,” Erdogan declared, emphasizing that the region—where Palestinians have made immense sacrifices—must not be subject to any forced relocation or compromise. He warned that Israel’s ongoing operations would only lead the area “toward blood and tears again.”

Erdogan’s remarks came as he and Pakistani Prime Minister Shehbaz Sharif jointly chaired talks aimed at deepening bilateral cooperation. During the visit, both leaders oversaw the signing of 24 strategic agreements covering economic, trade, and defense ties—a move underscoring their mutual commitment to regional stability amid escalating tensions.

The Turkish president’s forceful speech not only reiterated his longstanding support for the Palestinian cause but also signaled Turkey’s determination to challenge policies seen as exacerbating the humanitarian tragedy in Gaza. His comments resonated with many in the region who view a fair and enduring peace as contingent on recognizing Palestinian rights and sovereignty.

Erdogan’s rhetoric comes at a time when the international community is calling for renewed efforts to secure a lasting ceasefire in the conflict-ravaged region. His impassioned address adds to a chorus of voices demanding accountability and justice for those affected by the ongoing violence.


Comments