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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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Gaza Ceasefire Talks Stalled Amid Deepening Humanitarian Crisis

 

The ongoing conflict in Gaza has reached a critical juncture as ceasefire talks remain deadlocked. Hamas, the Palestinian militant group, is steadfastly adhering to its terms for a ceasefire deal and a potential hostage exchange with Israel. Meanwhile, the United States has indicated that the negotiations in Cairo are “in the hands of” Hamas, emphasizing the group’s pivotal role in finding a resolution.

Negotiators from Hamas, Qatar, and Egypt are currently in Cairo, striving to secure a 40-day ceasefire in the war between Israel and Gaza. However, Israel’s absence from the talks complicates the process, leaving critical issues unresolved.

The situation on the ground is dire. The humanitarian crisis in Gaza has deepened, affecting civilians who are already grappling with the devastating impact of the conflict. Healthcare facilities are struggling without electricity, and civilians find themselves virtually “cut off from the outside world.” The need for a ceasefire is urgent, not only for the immediate relief it would provide but also to prevent further escalation that threatens peace and security for both Palestinians and Israelis.

As the talks continue, the international community closely watches, hoping for a breakthrough that can alleviate the suffering and pave the way for a more stable future in the region.




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