Business
Gasoline prices up from a year ago as drivers head into holiday weekend
Canadians planning to hit the road for the last long weekend of summer can expect to pay more for gasoline than they did last Labour Day. Taps are photographed at a gas station in Frankfurt, Germany, on Oct. 5, 2022. THE CANADIAN PRESS/AP-Michael Probst
By Amanda Stephenson in Calgary
As crude oil prices hit a twelve-month high on Friday, Canadians planning to hit the road for the last long weekend of summer will pay more for gasoline than they did last Labour Day.
The national average gasoline price as of Friday was $1.67 cents per litre, according to fuel price tracking website GasBuddy.com. That compares with $1.37 cents per litre on Sept. 1, 2022.
Gasoline prices began to rise in July and August of this year, in part due to crude oil production cuts by Saudi Arabia and Russia. Crude oil prices continued their rise this week, due to dwindling crude inventories in the U.S. as well as projections that Saudi Arabia will extend its supply cuts into October.
On Friday, the benchmark crude price West Texas Intermediate hit a 12-month high, trading above US$85 per barrel compared to about US$75 per barrel one year ago.
Vijay Muralidharan, energy analyst and managing director with R Cube Consulting Inc., said driving demand through the summer months has been strong and North American refineries are dealing with a tight supply situation.
Still, he said consumers are likely to find some relief at the pumps into the fall and winter, as the impact of interest rate hikes by central bankers increasingly takes effect and global economies begin to cool, reducing demand for crude.
“I think there will be an economic slowdown in the in the near-term horizon,” Muralidharan said.
“Early next year I think you will see some breathing room, a demand pullback. It’s going to come, it’s inevitable.”
However, Muralidharan said in the meantime refinery stocks are so tight that any kind of unexpected outage or issue could cause a jump in prices.
“Even if it’s a 100,000 barrel or 200,000 barrel refinery, any kind of upset is going to cause price spikes,” he said.
According to GasBuddy.com, the most expensive gasoline this week can be found in B.C. and Newfoundland, while drivers in Alberta enjoy the cheapest fuel prices.
This report by The Canadian Press was first published Sept. 1, 2023.
Banks
Canada Pension Plan becomes latest institution to drop carbon ‘net zero’ target

From LifeSiteNews
Changes to the law require companies to more rigorously prove their environmental claims.
The investment group in charge of Canada’s governmental pension plan has ditched its “net zero” mandate, joining a growing list of major institutions doing the same.
According to the Canada Pension Plan (CPP) Investments’ latest annual report, the entity is no longer committed to carbon “net-zero” by 2050. The CPP’s ditching of the target comes after a number of major institutions, including the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), National Bank of Canada, and the Canadian Imperial Bank of Commerce (CIBC), all made similar moves in recent months.
While ditching the net-zero effort, chief executive of CPP Investments John Graham maintained that it is still “really important to incorporate climate and incorporate sustainability” in its long-term investment portfolio.
The dropping of the “climate” target comes as recent changes to Canada’s Competition Act now mandate that companies prove any environmental claims they make, with Graham insinuating these changes were a factor in the decision.
“Recent legal developments in Canada have introduced, kind of, new considerations around how net-zero commitments are interpreted, so that’s caused us to change a little bit how we talk about it, but nothing’s changed on what we’re actually doing.”
Over the past decade, left-wing activists have used “net zero” and “environmental, social & governance” (ESG) standards to encourage major Canadian and U.S. corporations to take particular stands on political and cultural issues, notably in promotion of homosexuality, transgenderism, race relations, the environment, and abortion.
Outside of Canada, many major corporations have announced they are walking back DEI and other related policies. Some of the most notable include Lowe’s, Jack Daniel’s, and Harley Davidson. Other companies such as Disney, Target, and Bud Light have faced negative sales due to consumers fighting back and refusing to patronize the businesses.
Since taking power in 2015, the Liberal government, first under Justin Trudeau and now under Mark Carney, has continued to push a radical environmental agenda in line with those promoted by the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.” Part of this push includes the promotion of so called net-zero energy by as early as 2035.
Business
The Liberals Finally Show Up to Work in 2025

From the National Citizens Coalition
Canadians Demand Action, Not More Empty Promises
The National Citizens Coalition (NCC) today calls out the Liberal government for their belated return to the House of Commons in 2025, after months of dodging accountability while Canadians grapple with skyrocketing costs, unaffordable housing, crime and chaos, and the fallout of a decade of failed Liberal policies.
While the Liberals dust off their seats, millions of Canadians have been struggling to pay for groceries, keep a roof over their heads, or envision a future where hard work still pays off. The NCC demands the government stop hiding behind empty rhetoric and deliver meaningful, common-sense actions to address the crises they’ve exacerbated.
“After years of empty gestures, empty rhetoric, and empty promises, showing up to Parliament in 2025 isn’t an achievement – it’s the bare minimum. Canadians are drowning in high taxes, inflation, and a housing crisis, and they deserve real solutions, not more speeches,” says NCC Director Alexander Brown.
The NCC calls on the Liberal government to immediately prioritize:
Immediate tax relief to put money back in the pockets of hardworking Canadians, including axing the HIDDEN CARBON TAX on our Great Canadian businesses.
Concrete steps to slash immigration back to responsible, sustainable norms; including a crackdown on fraudulent ‘diploma mills,’ and the abolishment of the ‘Temporary Foreign Worker’ program, to protect Canadian jobs, and the jobs of our youth.
Meaningful, immediate efforts to increase housing supply, by slashing red tape and bureaucratic roadblocks that drive up development costs.
An end to wasteful spending on pet projects and corporate handouts that do nothing for struggling families.
Steps toward meaningful criminal justice reform; including an end to Liberal catch-and-release bail for repeat violent offenders.
A plan to restore economic opportunity, so young Canadians can afford homes and build a future without fleeing the country.
And it’s time to Kill Bill C-69 — and Build Pipelines.
Working Canadians have heard enough platitudes – it’s time for results. The government must act decisively to fix the mess they’ve created or step aside for those who will. With just a few short weeks before the Liberals abscond for another vacation, IMMEDIATE ACTION is required to match the urgency of the moment, and to atone for the insult of the Liberals’ cynical, dishonest, “elbows up” campaign that left millions of young, working-age Canadians without hope for the future.
About the National Citizens Coalition:
Founded in 1967, the National Citizens Coalition is a non-profit organization dedicated to advocating for lower taxes, less government waste, and greater individual freedom. We stand for common-sense policies that once again put Canadians first.
-
Addictions9 hours ago
Man jailed for trafficking diverted safer supply drugs, sparking fresh debate over B.C. drug policies
-
Alberta11 hours ago
How Trump and Alberta might just save Canada
-
Business10 hours ago
The Liberals Finally Show Up to Work in 2025
-
Alberta9 hours ago
Jann Arden’s Rant Will Only Fuel Alberta’s Separation Fire
-
Banks7 hours ago
Canada Pension Plan becomes latest institution to drop carbon ‘net zero’ target
-
Bruce Dowbiggin6 hours ago
Caitlin Clark Has Been The Real Deal. So Her WNBA Rivals Hate Her
-
Daily Caller8 hours ago
There’s A Catch To California’s Rosy Population Stats
-
espionage1 day ago
Trudeau Government Unlawfully Halted CSIS Foreign Operation, Endangering Officers and Damaging Canada’s Standing With Allies, Review Finds