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The US–Iran War Is Hitting Your Wallet: What Every Canadian Needs to Know Right Now

  A conflict thousands of kilometres away has quietly become one of the biggest threats to your household budget in 2026. The war between the United States, Israel, and Iran — now stretching into its third month — is reshaping global energy markets, and Canadians are paying the price at the pump, the grocery store, and everywhere in between. $2.03 Gas/litre in parts of Canada +51¢ Average gas rise since Feb. 28 +30% Canada gas price rise Mar–Apr 20% World oil supply disrupted How We Got Here: The Strait of Hormuz Is Closed On February 28, 2026, the United States and Israel launched coordinated airstrikes against Iran in what was dubbed Operation Epic Fury , targeting military facilities, nuclear sites, and key Iranian leadership — resulting in the death of Supreme Leader Ali Khamenei. Iran's response was swift and punishing: missile barrages on Israeli cities, US military bases across the Gulf, and the formal closure of the Strait of Hormuz to international shipping. The Strait of ...
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Ottawa and Ontario Reach Deal to Clear Path for Highway 413 Project

 


In a significant development, Ontario and the federal government have announced a deal that will allow the contentious Highway 413 project to move forward. Here are the key details:

  • Project Assessment Set Aside: The Federal Court ruled that the assessment of Ontario’s Highway 413 project can be set aside. As a result, the highway project can proceed without a full-fledged federal environmental assessment.

  • Collaborative Process: Officials from both levels of government have agreed to a collaborative process to address issues related to federal species at risk throughout the project planning in Ontario. This approach aims to ensure that environmental impacts are minimized while considering critical habitats for species such as the Western chorus frog and the red-headed woodpecker.

  • Federal Court Approval: The Federal Court has canceled the project’s designation under the Impact Assessment Act. A joint consent order filed by both governments on March 20 requested the discontinuation of the federal environmental assessment for the project.

  • Working Group: An essential step involves the establishment of a joint working group between the Ontario transportation ministry and the Impact Assessment Agency of Canada. This group will recommend measures to mitigate environmental impacts within areas of federal environmental jurisdiction. Their collective expertise will guide the project as it moves into the design stage.

  • Ontario’s Commitment: Ontario’s own environmental assessment process is already underway, and the province remains committed to constructing projects that minimize environmental impacts. Transportation Minister Prabmeet Sarkaria expressed optimism about moving forward with the Highway 413 project, emphasizing that a federal environmental assessment would have caused significant delays.

This agreement marks a pivotal moment for Ontario, providing much-needed clarity and momentum for the Highway 413 initiative. With the roadblock cleared, the province aims to commence work on the project within the next year. The proposed route for Highway 413 will traverse parts of the Greenbelt, connecting the existing 400 and 401 highways in the northern and western regions of the Greater Toronto Area.

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