Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Trump Pushes UN Resolution for Gaza Peace and Security Force

Displaced Palestinians sit next to their destroyed homes in Khan Younis camp in the southern Gaza Strip, Palestine, Nov. 5, 2025.

President Donald Trump’s administration has presented a draft resolution to the United Nations Security Council seeking endorsement of his 20-point Gaza peace plan. The proposal calls for the creation of a transitional governance body and the deployment of an International Stabilization Force (ISF) to oversee security and reconstruction in the enclave.

The plan outlines a two-year mandate for the ISF, which would be empowered to maintain order and support rebuilding efforts. While U.S. troops would not be deployed directly in Gaza, the initiative envisions a multinational force drawn from regional and international partners, including Egypt, Qatar, Saudi Arabia, Turkey, and the United Arab Emirates.

Trump’s framework aims to end years of conflict between Israel and Hamas by combining security guarantees with reconstruction programs. It also proposes the establishment of a “Board of Peace” to coordinate governance and humanitarian aid. Supporters argue the plan could provide a pathway to long-term stability, while critics remain cautious about its feasibility.

No date has yet been set for a Security Council vote, but Washington’s push reflects its determination to secure international legitimacy for Trump’s Gaza initiative. If approved, the resolution would mark a significant step toward reshaping governance and security in Gaza, potentially laying the groundwork for a new phase in Middle East diplomacy.


Labels:

Comments

Post a Comment