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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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Najib Razak Receives Additional 15-Year Sentence in Expanding 1MDB Scandal

Former prime minister Najib Razak was earlier today convicted of four counts of abuse of power and 21 counts of money laundering in the 1MDB case.

Malaysia’s former Prime Minister Najib Razak has been handed an additional 15-year prison sentence, marking one of the most significant rulings yet in the long-running 1MDB corruption saga. The decision deepens Najib’s legal troubles and underscores Malaysia’s continued push to hold high-ranking officials accountable for the multibillion-dollar financial scandal.

A Major Turning Point

The latest verdict stems from charges involving abuse of power and money laundering linked to billions of ringgit that were funneled into Najib’s personal accounts. The court emphasized the gravity of the offenses, noting the scale of the financial misconduct and Najib’s central role in the scheme.

Extended Jail Time and Heavy Penalties

The new sentence will be added to Najib’s existing prison term, significantly extending the time he is expected to remain behind bars. He also faces substantial financial penalties, reflecting the enormous losses tied to the 1MDB fund.

A Scandal With Global Reach

The 1MDB case has been described as one of the world’s largest financial frauds, involving luxury purchases, international money flows, and high-profile figures. Najib, who founded the fund during his tenure as prime minister, has repeatedly denied wrongdoing.

Political Ripples

The ruling is expected to influence Malaysia’s political landscape, where Najib still commands a loyal base. While many Malaysians view the decision as a long-awaited step toward justice, his supporters continue to argue that the charges are politically motivated.


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