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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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Investigation Continues in Trump Assassination Attempt Case

 

After conducting over 100 interviews, searching the suspect’s home and vehicle, and gaining access to his cellphone, FBI investigators are still searching for the motive behind the 20-year-old Pennsylvania man’s attempt to assassinate former President Donald Trump. 

The Pennsylvania State Police clarified that they were not responsible for securing the area where the gunman opened fire from a rooftop during a campaign rally in Butler Township, Pennsylvania. The FBI is investigating whether the shooter was a politically motivated domestic violent extremist, and they continue to analyze his electronic devices.

Additionally, the Department of Homeland Security has warned about the potential for “follow-on” or “retaliatory” acts in response to this assassination attempt. The investigation is ongoing, and authorities are focusing on understanding what drove the suspect to commit such a brazen act.

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