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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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U.S. Withdraws Canada’s Invite to Global Peace Council

 

Canadian Prime Minister Mark Carney angered the US when he openly decried powerful nations using economic integration as weapons and tariffs as leverage the World Economic Forum.


A recent decision from President Donald Trump has shifted the tone of North American diplomacy. The White House confirmed that the United States has revoked Canada’s invitation to join the newly formed Board of Peace, an international body intended to coordinate conflict‑prevention strategies and promote global stability.

According to statements from U.S. officials, the change stems from what they described as “strategic reassessments” of the board’s membership criteria. No specific concerns about Canada were publicly detailed, though the administration emphasized that the board’s structure “remains flexible” and could evolve in the future.

Canadian officials responded with measured restraint, noting that the country remains committed to international peace efforts regardless of formal membership in any single initiative. Analysts have pointed out that the move may introduce new diplomatic friction between the two long‑standing allies, though the broader implications remain uncertain.

The Board of Peace is expected to convene its inaugural session later this year, with participating nations focusing on conflict mediation, humanitarian coordination, and long‑term global security planning.


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