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Rising Tensions Prompt Ottawa to Urge Vigilance Among Canadians in the Middle East

Residents are evacuated from a building hit by a projectile in Tirat Hacarmel, northern Israel, Saturday, Feb. 28, 2026. No injuries were reported. Canadians living or travelling in the Middle East are being urged to remain highly vigilant as regional tensions escalate. Foreign Affairs Minister Anita Anand issued the warning following renewed instability linked to stalled nuclear negotiations between the United States and Iran, as well as an increased American military presence in the region.  Anand emphasized that Canadians in Iran, in particular, should consider leaving if they can do so safely, noting that the situation could deteriorate quickly. The warning comes amid threats of military action from the United States should Iran fail to agree to a nuclear deal, while Iran maintains its right to enrich uranium for peaceful purposes.  The Canadian government continues to monitor developments closely and advises citizens across the broader region to follow local guidance,...
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Canada’s Inflation Rate Eases to 2.9% in January

 


Canada’s annual rate of inflation slowed in January, with prices rising 2.9 per cent, according to Statistics Canada. This deceleration was primarily driven by lower year-over-year prices for gasoline. Excluding volatile items like energy and food, the core inflation rate remained relatively stable.

Factors Influencing the Slowdown:

  1. Gasoline Prices: The decline in gasoline prices contributed significantly to the easing of inflation. As global oil markets adjusted, consumers benefited from more affordable fuel at the pump.

  2. Grocery Costs: Price growth for groceries also decelerated, rising 3.4 per cent annually in January compared to 4.7 per cent in December. This moderation in food prices played a role in curbing overall inflation.

  3. Base-Year Effect: The headline Consumer Price Index (CPI) grew at a slower pace year over year in January due to a base-year effect. The monthly increase in January 2023 was smaller than that in January 2022.

While this slowdown is a positive sign, it’s essential to monitor inflation trends closely. The central bank will continue to assess economic conditions and adjust monetary policy as needed. As we navigate the delicate balance between price stability and economic growth, Canadians can expect ongoing discussions about inflationary pressures and their impact on household budgets.

In summary, Canada’s inflation rate has taken a breather, but vigilance remains key as we move forward in 2024.


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