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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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From Coding to Canonization: Carlo Acutis, the First Millennial Saint

Carlo Acutis, a British-born Italian teenager, is set to become the Catholic Church’s first millennial saint. Known for his deep faith and remarkable tech skills, Acutis used his passion for computers to spread religious teachings, creating a website documenting Eucharistic miracles worldwide. His devotion to faith and service made him a beacon of inspiration for young Catholics.

Born in London in 1991 and raised in Milan, Acutis was drawn to Catholicism from an early age. He attended daily Mass, prayed the rosary, and dedicated himself to helping the less fortunate. Tragically, he passed away from leukemia at just 15 years old in 2006. His legacy, however, continued to grow, with reports of miraculous healings attributed to his intercession.

The Vatican recognized two miracles linked to Acutis, paving the way for his canonization. His official sainthood will be declared in a ceremony at St. Peter’s Square on April 27, 2025, marking a historic moment for the Church. His story resonates deeply with modern believers, proving that faith and technology can coexist in meaningful ways.


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