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5 Things to Know Today: Gordie Howe Bridge Opens, Gas Prices Drop, and the Fed Decision That Could Move Your Loonie

  Monday, July 27, 2026 From a long-delayed border crossing finally opening to a Fed decision that could nudge the loonie, here's what's moving Canadian wallets today. 1. The Gordie Howe Bridge Opens Today — But You Can't Drive on It Until August 1 The long-delayed Gordie Howe International Bridge between Windsor and Detroit holds its official opening today, July 27, more than six weeks after its original June target. The catch: today's ceremony doesn't mean traffic yet. Vehicles won't be allowed on the six-lane, cable-stayed span until August 1. Once open, the toll is set at $8 CAD (US$5.75) each way for most passenger vehicles. What it means for you: If you cross the Windsor-Detroit corridor for work, shopping, or family, mark August 1 on your calendar, not today, and budget roughly $8 a crossing on top of gas. 2. Gas Prices Are Easing After the Weekend Oil Crash Oil prices tumbled over the weekend after the US and Iran paused hostilities, with both Brent and...
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A Step Toward Peace: Russia and Ukraine Agree to Maritime Truce and Energy Attack Ban

In a significant development, Russia and Ukraine have reached separate agreements to ensure safe navigation in the Black Sea and to halt attacks on each other's energy facilities. These agreements, mediated by the United States, mark a potential turning point in the three-year-long conflict between the two nations.

The accords, finalized during talks in Saudi Arabia, aim to reduce hostilities and pave the way for broader peace negotiations. Both nations have expressed skepticism about the other's commitment to the agreements, emphasizing the need for U.S. enforcement. Ukrainian President Volodymyr Zelenskyy has stated that any violations by Russia would prompt requests for sanctions and additional military support.

While the agreements represent progress, challenges remain. Maritime battles have been a smaller part of the conflict since 2023, but energy infrastructure has been a frequent target for both sides. The success of these agreements will depend on mutual adherence and effective enforcement.

This development offers a glimmer of hope for a resolution to the ongoing war, but the road to lasting peace remains uncertain.

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