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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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Israel’s Determination Amidst US Arms Embargo Threat

Israeli Prime Minister Benjamin Netanyahu has asserted Israel’s readiness to “stand alone” in the face of a potential US arms embargo. The stern declaration comes as tensions escalate in Rafah, Gaza, where Israeli forces are poised for a possible full-scale invasion to combat Hamas militants.

  • Defiant Stance: Netanyahu evoked the spirit of the 1948 War of Independence, emphasizing Israel’s historical resilience and capability to triumph despite arms embargoes and overwhelming odds.
  • US Warning: President Joe Biden has threatened to withhold critical military supplies, including artillery shells, if Israel proceeds with an invasion of Rafah, citing concerns over civilian casualties.
  • Humanitarian Crisis: The UN reports over 80,000 people have fled Rafah amidst continuous bombardment, with essential supplies like food and fuel dwindling for those remaining.
  • Continued Conflict: Despite peace talks faltering and the US’s stance, Israel maintains that victory over Hamas is unattainable without taking Rafah, underlining the ongoing seven-month war’s complexity.

Netanyahu’s remarks underscore a pivotal moment in Israeli-US relations, as Israel weighs its strategic options against the backdrop of international scrutiny and humanitarian considerations.

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