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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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Market Retreat: European Turmoil and Tesla’s Pay Package in Focus


US stock futures pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win put Tesla (TSLA) center stage. Here are the key points:

  • Dow Jones Industrial Average (YM=F) futures sank about 0.7%, leading the declines.
  • S&P 500 (ES=F) futures shed 0.5%.
  • Contracts on the tech-heavy Nasdaq 100 (NQ=F) were roughly 0.2% lower.

Stocks have been losing steam after the benchmark S&P 500 and Nasdaq Composite nailed record closes for the fourth day in a row, driven by strength in tech stocks. However, questions persist about the breadth of this year’s rally. Investors are closely watching the coming PCE inflation reading, which could impact the Federal Reserve’s interest rate decisions.

Meanwhile, Tesla shares were up around 1% in Friday’s premarket after shareholders re-approved CEO Elon Musk’s $56 billion pay package. Despite opposition from some large investors, 77% of votes were cast in favor, the EV maker said.

Not helping spirits was a slump in European stocks, which were headed for their worst week since October. Investors are concerned about the fallout for markets if the far right makes gains or even wins France’s snap election. Another dose of worry came from the Bank of Japan’s decision to hold off from giving details of its bond-buying cuts until July, a surprise move interpreted as delaying a rate hike.

In individual movers, Adobe (ADBE) shares jumped 15% after an upbeat AI sales projection from the Photoshop maker. Investors are also eyeing political turmoil in France as uncertainty about rate cuts dogs the market.


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