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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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Farmers Protest in Brussels for Better Market Conditions

 


Farmers from across Europe are protesting in Brussels, the EU capital, to demand better market conditions. The farmers are blocking traffic in the city, causing major disruptions. 

The protest is part of a wave of farmer protests that have swept across Europe in recent months. The farmers are demanding that their issues be put on the summit agenda and that they be given better market conditions. The climax of the protest is set for Thursday, when farmers plan to protest outside EU headquarters during a summit of government leaders. The protest is expected to be large and disruptive.


 

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