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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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Slovakia’s Prime Minister Robert Fico Survives Assassination Attempt

 

In a shocking turn of events, Slovakia’s populist Prime Minister, Robert Fico, was shot multiple times and gravely wounded in an attempted assassination. The incident occurred on Wednesday, May 15, 2024, after a political event in the town of Handlova. Mr. Fico was immediately rushed to a hospital in Bratislava, the country’s capital, approximately two hours away.

The assailant reportedly fired at Mr. Fico as he emerged from a meeting, leaving him with five gunshot wounds. Authorities swiftly arrested a suspect at the scene, but the motive behind the attack remains unclear. The incident has sent shockwaves across Europe, especially considering its timing just before the upcoming elections.

Slovakia, a small country in Central Europe, has been grappling with political tensions and societal divisions. Prime Minister Fico, a prominent figure in Slovakian politics, has faced both support and criticism during his tenure. His survival in this assassination attempt will undoubtedly have significant implications for the nation’s political landscape.

As the investigation unfolds, citizens and leaders alike are left wondering about the underlying reasons behind this brazen attack. The next few hours will be critical for Mr. Fico’s recovery and for understanding the broader context of this violent act.

Stay tuned for further updates as the situation develops. Our thoughts are with Prime Minister Robert Fico and his family during this difficult time.



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