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Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
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Trudeau Pledges Military Support and Seized Russian Funds to Ukraine on Invasion Anniversary

On the third anniversary of Russia's invasion of Ukraine, Canadian Prime Minister Justin Trudeau made a significant pledge of support to the embattled nation. During his visit to Kyiv, Trudeau announced that Canada would provide 25 light armoured vehicles to Ukraine, along with $5 billion in funds sourced from seized Russian assets.

Trudeau's visit to Kyiv was part of a larger summit attended by a dozen world leaders, all of whom gathered to show solidarity with Ukraine. In his remarks, Trudeau emphasized that Russia's invasion was an attempt to "erase Ukrainian history and expand their empire". He also highlighted Canada's commitment to helping Ukraine with energy security, as the country continues to face attacks on its power grid by Russian forces.

While Trudeau's speech did not address Ukraine's potential membership in the NATO military alliance, he reiterated the importance of Ukraine having a direct role in any negotiations to end the war. The summit proceeded despite the backdrop of an audible air-defense siren, underscoring the ongoing conflict and the urgency of international support.

This latest pledge from Canada reflects a continued commitment to supporting Ukraine in its fight for sovereignty and stability. Trudeau's visit and the accompanying military and financial aid signal a strong stance against Russian aggression and a dedication to upholding international peace and security.



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