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5 Things to Know Today: Gas Tax Holiday Extended to 2027, BoC Holds, TSX Rebounds

  September 3, 2026 A big one for your wallet just landed: Ottawa is keeping the gas tax break alive well past Labour Day. Here's what else moved markets and money in Canada today. 1. Gas tax holiday extended to January 31, 2027 The federal fuel excise tax break that was set to expire on Labour Day (Sept. 7) isn't going anywhere. Finance Minister François-Philippe Champagne confirmed the suspension of the 10-cent-per-litre gasoline excise tax and 4-cent-per-litre diesel tax will now run until January 31, 2027, before being phased back in at half-rate from Feb. 1 to March 31 and fully restored April 1. Ottawa first introduced the break in April to offset oil-price shocks tied to the Iran war. What it means for you: The scheduled Sept. 8 jump of 10–11 cents a litre is off the table for now. CAA pegged the national average at 172.9 cents/litre this week — budget around that level rather than the higher price many drivers had braced for. 2. Bank of Canada holds rate at 2.25% for a...

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Important Travel Warnings for Tourists Heading to Spain This Summer

 

As the summer holidays approach, many tourists are eagerly planning their trips to Spain. However, recent updates from the Foreign Office have highlighted several important travel warnings that visitors should be aware of to ensure a safe and enjoyable vacation.

1. Unaccompanied Minors: Spanish law considers anyone under the age of 17 to be a minor. This means that minors must be accompanied by an adult when traveling. If an unaccompanied minor comes to the attention of Spanish authorities, they may be taken to a minor’s center until a parent or guardian is found.

2. Passport Requirements: Spain adheres to Schengen zone standards, which means your passport must have a ‘date of issue’ less than 10 years before the date of arrival and an expiry date of at least three months after the day you plan to leave. Ensure your passport meets these criteria to avoid any travel disruptions.

3. Terrorism and Safety: The Foreign Office has issued warnings about the potential for terrorist attacks in Spain. Tourists are advised to stay aware of their surroundings, keep up to date with local media reports, and follow the advice of local authorities.

4. Street Crime: Tourists should be cautious of street crime, including theft and scams. Thieves often use distraction techniques and work in teams. Keep your valuables secure, and be wary of anyone asking to see your wallet or personal belongings.

5. Alcohol and Public Behavior: There are strict rules around drinking in public and engaging in sexual activity in public areas. Local councils have limited the sale and access to alcohol in certain resort areas, including Magaluf, Playa de Palma, and San Antonio.

By staying informed and taking necessary precautions, tourists can enjoy their summer holidays in Spain while staying safe and adhering to local laws and regulations.


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