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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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Global IT Systems Recover After Major Outage Caused by Faulty Software Update

   

                                          

Businesses and services worldwide are gradually returning to normal after a massive IT outage caused by a faulty software update from cybersecurity firm CrowdStrike. The update, which was not the result of a cyberattack, led to widespread disruptions across various sectors, including airlines, banks, healthcare, and media.

The issue began when a defect in a content update for CrowdStrike’s Falcon Sensor software caused Windows computers to crash, displaying the infamous “blue screen of death.” This malfunction affected numerous organizations globally, grounding flights, disrupting banking services, and causing delays in healthcare and other critical services.

CrowdStrike’s CEO, George Kurtz, apologized for the disruption and assured that a fix had been deployed. However, the recovery process is expected to take some time as businesses work through backlogs and other issues caused by the outage.

The incident has highlighted the vulnerabilities in the world’s interconnected technologies and the need for better contingency plans to prevent such widespread disruptions in the future.


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