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Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
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Canada Unveils $2B Defence Boost for Ukraine on Independence Day

 

                                    Drones, armoured vehicles part of Canada's $2B military aid package for Ukraine.

 

On a surprise visit to Kyiv marking Ukraine’s Independence Day, Prime Minister Mark Carney detailed a sweeping $2‑billion military aid package aimed at strengthening Ukraine’s defence against Russia.

The package includes:

  • $835 million for urgently needed supplies such as armoured vehicles, weapons, and medical equipment
  • $680 million for NATO‑prioritized purchases, including U.S. munitions and air defence systems
  • $220 million for drones, counter‑drone tools, and electronic warfare capabilities, developed jointly by Canadian and Ukrainian industries

Additional funds will support ammunition procurement, explosives, and broader defence capacity building. Canada also pledged $31 million in humanitarian and reconstruction aid, targeting projects like countering disinformation, bolstering democracy, and enhancing digital resilience.

Since the start of the conflict, Canada’s total support for Ukraine has reached $22 billion, largely through financial assistance and loans.


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