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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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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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