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Canada’s Inflation Climbs to 2.4% as Gas Prices Surge to Record High

  Canada’s inflation rate accelerated to 2.4% in March , up from 1.8% in February, as the Iran war triggered the largest monthly gasoline price increase on record . Statistics Canada reported that gas prices surged 21.2% month‑over‑month , a supply‑shock response to Iran’s closure of the Strait of Hormuz and broader Middle East instability.  Energy costs were the dominant driver of March inflation, with overall energy prices rising 3.9% year‑over‑year after a sharp decline the month before. Excluding gasoline, inflation would have eased to 2.2% , highlighting how concentrated the price shock was.  Food inflation offered mixed relief: grocery prices rose 4.4% , while fresh vegetables jumped 7.8% due to difficult growing conditions. Restaurant inflation cooled sharply as last year’s tax‑holiday distortions fell out of the annual comparison.  Economists note that while headline inflation spiked, core measures remained relatively tame , giving the Bank of Canada ro...
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The world is facing a demographic shift as the population ages. According to the United Nations, the number of people aged 60 and over is expected to reach 2.1 billion by 2050, up from 962 million in 2017. This trend has significant implications for social and economic development, as well as for health and well-being.

An ageing population poses many challenges, such as increasing demand for health care, social protection, and long-term care services, as well as potential declines in productivity, economic growth, and fiscal sustainability. However, an ageing population also offers opportunities, such as tapping into the potential of older workers, enhancing intergenerational solidarity, and promoting active and healthy ageing.

To address the challenges and opportunities of an ageing population, governments, civil society, and the private sector need to work together to develop policies and programs that support the rights and needs of older persons. Some of the key areas of action include:

1. Promoting lifelong learning and skills development to enable older workers to adapt to changing labor markets and contribute to economic development.

2.  Ensuring adequate and sustainable social protection systems that provide income security and access to health care for older persons.

3. Investing in age-friendly environments that enable older persons to live independently and participate in their communities.

4. Fostering social inclusion and intergenerational cooperation to combat ageism and discrimination and enhance social cohesion.

5. Supporting research and innovation on ageing-related issues to improve the quality of life and well-being of older persons.

An ageing population is not a problem to be solved, but a reality to be embraced. By recognizing the diversity and potential of older persons, we can create a more inclusive and sustainable society for all.

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