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Or sign-in if you have an account.The report said 66 per cent of road trippers intend to stay within Canada. 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Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“We expected road trips to play a big role in Canadians’ summer travel plans this year, but what surprised us was the sheer scale,” Bassem El-Rahimy, vice-president of Turo Canada, said in a news release.“Canadians aren’t just taking one road trip. They’re planning multiple getaways, spending hours behind the wheel and, in many cases, budgeting thousands to do it. That tells us this isn’t necessarily about finding a cheaper way to travel. It’s about choosing a better one.”Gas prices remain elevated as the war in Iran escalates, reaching a national average of $1.73 per litre on Tuesday, up from last week’s average of $1.64, according to the Canadian Automobile Association (CAA).But hitting the open road is still the most cost-effective way to travel. Nearly half of Canadians said they are choosing to drive over flying due to the costs, while 70 per cent have at least two road trips planned this summer.That doesn’t necessarily mean that driving is cheap. For example, about a quarter of Albertans expect to spend more than $5,000 on their summer road trips, compared to one in six Ontarians.Younger Canadians are also intending to spend big money on road trips this year, with 18 per cent of gen-Zers planning to take four or more road trips this year, while 28 per cent intend to spend more than $5,000 on summer travel.Gen-Zers are also most likely to travel internationally this summer, suggesting a giant summer away from home for the younger generation.Sign up here to get Posthaste delivered straight to your inbox.A U.S. judge has hit pause on the proposed merger between Paramount Skydance Corp. and Warner Bros. Discovery Inc., potentially costing the companies billions of dollars.On Monday, the federal judge halted the deal on a request from California and 11 other U.S. states, arguing the merger “likely” violates antitrust regulations. Meanwhile, in August another judge could extend the hold while they decide if a full trial is needed.The 12 states want a trial in April 2027, though the companies had hoped to close the deal on Wednesday.If the deal is not completed by September, Paramount owes Warner Bros. shareholders US$7 million in late fees per day, meaning that an April trial could add up to well over US$1 billion in extra costs.Earnings: Alphabet Inc., Tesla Inc., Philip Morris International Inc., AT&T Inc., Kinder Morgan Inc., Rogers Communications Inc., First Quantum Minerals Ltd.Canada’s tax system is a fiscal illusion, writes Financial Post columnist Kim Moody, which occurs when government taxation is structured so that taxpayers don’t fully experience the cost. He explains why you should take notice of how much the government is withholding from your paycheques. Find out moreInterested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on one of the country’s most important sectors.Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at wealth@postmedia.com with your contact info and the gist of your problem and we’ll find some experts to help you out while writing a Family Finance story about it (we’ll keep your name out of it, of course).Want to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.Visit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.Today’s Posthaste was written by Ben Cousins with additional reporting from Financial Post staff and Bloomberg.Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com.Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.