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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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Flash Freeze Warning: Brace for Sudden Temperature Plunge in Eastern Ontario and Quebec

 

Environment Canada has issued a flash freeze warning that’s set to send shivers down the spines of residents in eastern Ontario and nearly all of Quebec. If you were basking in the surprisingly warm temperatures on Tuesday, get ready for a meteorological rollercoaster.

What’s Happening?

  • A dramatic change in temperatures is expected on Wednesday as a sharp cold front sweeps through the region.
  • The warning extends from as far south as Kingston, Ontario, to as far north as Caniapiscau in Quebec’s Côte-Nord region.
  • By Wednesday night, Ottawa is predicted to plummet to a bone-chilling –13°C, with a chance of rain showers or flurries.
  • Environment Canada urges caution due to suddenly icy and slippery surfaces, including highways, roads, walkways, and parking lotsTake extra care when walking or driving in affected areas.

Record Heat and Frosty Reversal

  • On Tuesday, several Ontario communities, including Belleville, Kemptville, and Picton, shattered daily temperature records.
  • Ottawa is poised to break its own record by reaching a balmy high of 14°C before the impending flash freeze.
  • This year’s mild winter, which curtailed the opening of the Rideau Canal Skateway, is attributed to a mix of climate change and El Niño.
  • Let’s hope the skaters and walkers along the Rideau Canal enjoyed their brief 10 days of winter wonderland.


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