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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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Tips for Renewing Your Mortgage in 2024


Renewing your mortgage can be a daunting task, but it doesn’t have to be. With the right preparation and knowledge, you can make the process as smooth as possible. Here are some tips to help you renew your mortgage in 2024.

1: Start early. Don’t wait until the last minute to start thinking about renewing your mortgage. Start researching your options at least six months before your current mortgage term expires.

2: Shop around. Don’t just accept the first mortgage offer you receive. Shop around and compare rates from different lenders to find the best deal.

3: Consider a shorter term. If you can afford higher payments, consider a shorter mortgage term. This can help you save money on interest in the long run.

4: Negotiate. Don’t be afraid to negotiate with your lender. You may be able to get a better rate or more favorable terms if you ask.

Renewing your mortgage can be a great opportunity to save money and improve your financial situation. By following these tips, you can make the process as smooth as possible.


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