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5 Things to Know Today: New Bridge Tolls, Rising Tariffs and Your August Benefit Payments

July 23, 2026 From a new border crossing with its toll prices finally locked in, to a fresh round of U.S. tariffs and a reminder on next month's benefit cheques — here's what's moving markets, prices, and paycheques for Canadians today. 1. The Gordie Howe Bridge Finally Opens July 27 — Tolls Are Locked In After three postponed openings, the Gordie Howe International Bridge connecting Windsor and Detroit is set to open to traffic on July 27. The toll schedule is now published: a standard passenger-vehicle crossing costs $8.00 CAD, dropping to $6.00 CAD if you register for the bridge's "Breakaway" discount account ahead of time. That undercuts the privately owned Ambassador Bridge (roughly $10 USD for passenger vehicles) and the Detroit-Windsor Tunnel (about $8.25 CAD). Commercial truckers signed up for Breakaway will pay $6.90 USD per axle, works out to about $34.50 for a typical five-axle rig — less than half what the Ambassador Bridge charges. What it means ...
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Population growth outpaces job creation in Canada

 


Canada’s labour market is facing a challenge as the number of people looking for work is growing faster than the number of jobs available. According to Statistics Canada, employment increased by 25,000 in November, but the unemployment rate rose to 5.8 per cent from 5.7 per cent in October. This is because the population aged 15 and over grew by 870,000, or 2.7 per cent, since the beginning of the year, while the net job gain was only 430,000.

The Bank of Canada has been raising interest rates to curb inflation, but this has also slowed down the economy and the demand for labour. Some economists expect the central bank to start cutting rates in the second quarter of next year to stimulate growth and stabilize the labour market.

The job gains in November were concentrated in the private sector, full-time work, manufacturing and construction. However, some industries, such as wholesale and retail trade, finance, insurance and real estate, saw job losses. Younger workers (15 to 24) also faced higher unemployment than other age groups.

Average hourly wages rose 4.8 per cent year over year in November, matching the increase in October. The Bank of Canada is monitoring wage growth for signs of inflationary pressure. Total hours worked across the economy fell 0.7 per cent in November, indicating a weak performance of gross domestic product that month.


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