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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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Wall Street Nears Historic Milestone: S&P 500 Approaches 5,000 Mark

 


The S&P 500 index is on the cusp of a significant achievement, threatening to breach the 5,000 level for the first time in its history. As the trading day unfolded, major players like Ford Motor and Chipotle Mexican Grill propelled the index upward, following their latest earnings reports.

The S&P 500, a broad measure of the U.S. stock market, has been steadily ascending, fueled by robust corporate performance and investor optimism. At the time of writing, it stood at 4,998, tantalizingly close to the coveted 5,000 mark. If it successfully crosses this threshold, it will mark a momentous milestone for investors and financial markets alike.

Ford Motor, the iconic American automaker, reported strong earnings, buoyed by robust vehicle sales and strategic initiatives. Meanwhile, Chipotle Mexican Grill, known for its flavorful burritos and bowls, also delivered impressive results. These companies’ positive performance has contributed significantly to the S&P 500’s ascent.

As Wall Street watches with bated breath, market analysts and investors are keenly observing the index’s movements. Will it break through the 5,000 barrier and set a new record? Only time will tell. For now, the financial world remains abuzz with anticipation, awaiting this potential historic feat.



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