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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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Carney Government Secures Crucial Budget Victory

Prime Minister Mark Carney and Minister of Finance and National Revenue Francois-Philippe Champagne applaud following a vote on the federal budget on Parliament Hill in Ottawa, Monday, Nov. 17, 2025.

The Carney government has successfully survived a confidence vote on its federal budget, ensuring the administration remains in power and its fiscal plan moves forward. The vote, seen as a critical test of the government’s stability, passed after tense debate in Parliament, with opposition parties pressing hard against key spending measures.

By winning the confidence motion, Prime Minister Carney’s team has reinforced its mandate to implement economic policies aimed at growth and fiscal responsibility. Analysts suggest the outcome will provide short-term stability, though challenges remain as the government faces scrutiny over rising costs and long-term debt management.

The victory signals that, for now, the Carney government retains enough parliamentary support to continue governing, while setting the stage for further political battles over upcoming legislation.



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