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Canada's Inflation Jumps to 2.4% in March — And Your Grocery and Gas Bills Show It

Canada's annual inflation rate climbed to 2.4% in March 2026 , up sharply from 1.8% in February, according to Statistics Canada data released Monday. The jump was driven almost entirely by soaring energy prices tied to the U.S.-Iran conflict and its disruption of oil flows through the Strait of Hormuz — and Canadians felt it directly at the gas pump and grocery store. Headline CPI (March) 2.4% ▲ Up from 1.8% in February Gasoline (monthly) +21.2% Largest monthly jump on record Grocery prices (year/year) +4.4% Up from 4.1% in February Core CPI (ex-gas) 2.2% Milder than expected Gas was the main culprit Gasoline prices surged a record 21.2% month over month in March — the largest single-month jump ever recorded in Canada — as the U.S.-Iran conflict choked off roughly one-fifth of the world's oil supply through the Strait of Hormuz. On a year-...
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Understanding Credit Score Ratings in Canada - Easy Guide

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What is a Credit Score Report

A credit score rating is a numerical representation of an individual's creditworthiness, which reflects their credit history and financial behavior. Ranging typically from 300 to 850, a higher credit score indicates a lower credit risk and a greater likelihood of obtaining credit on favorable terms. Lenders, such as banks and credit card companies, utilize credit scores to assess the potential risks of lending money to individuals. A good credit score implies responsible financial management, timely repayment of debts, and a history of low credit utilization. On the other hand, a poor credit score may signal past financial difficulties, missed payments, or high credit card balances, making it harder to secure loans or credit cards, and potentially leading to higher interest rates when approved. Maintaining a healthy credit score is crucial for accessing financial opportunities and achieving one's long-term financial goals.


Credit Score Agencies

There are three major credit reporting agencies that provide credit scores:

Equifax

Experian

TransUnion

These credit reporting agencies collect and maintain credit information on individuals, including their credit history, payment behavior, and outstanding debts. They use this information to calculate credit scores, which lenders and financial institutions often use to assess creditworthiness when approving loans, credit cards, or other financial products. Keep in mind that credit reporting agencies may have different methods of calculating credit scores, leading to slight variations in the scores they provide for the same individual.

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