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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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Nationwide Protests Seek Unity Against Trump's Sweeping Agenda

As Donald Trump prepared to address a joint session of Congress, protest groups gathered at parks, statehouses, and other public grounds across the country to assail his presidency as dangerous and un-American. The rallies and marches, organized by the fledgling 50501 Movement, mark the latest attempt at national resistance to Trump's "Make America Great Again" base and the success it has had in reshaping the Republican Party in the president's populist image.

Protesters face a myriad of issues to push back against, from tariffs to Trump's reset on the war in Ukraine to the aggressive actions of the Department of Government Efficiency led by billionaire Elon Musk. Demonstrators carried signs addressing various topics, including climate change, education cuts, and vaccine science denial. Events were scheduled throughout the day in all 50 states, including later gatherings on the West Coast and in Hawaii.

In Austin, Texas, protesters showed support for Ukraine by wearing yellow, the color of Ukraine's national flag, and chanting against Trump's policies. The diverse range of issues and the widespread participation highlight the challenges and determination of those opposing Trump's sweeping agenda.


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