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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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Tragedy in Gaza: Israeli Airstrike Hits School, Killing 30 Including Children

 

In a devastating incident on Saturday, an Israeli airstrike targeted a school in Deir al-Balah, Gaza, which was being used as a shelter by displaced Palestinians. The attack resulted in the deaths of at least 30 people, including several children.

The school, which housed thousands of people seeking refuge from ongoing conflict, was struck amidst escalating tensions. According to Gaza’s Health Ministry, the victims included seven children and seven women. The injured were rushed to Al Aqsa Hospital, where the scene was described as chaotic and heart-wrenching.

Israel’s military stated that the strike aimed at a Hamas command center allegedly used for storing weapons and planning attacks. However, Palestinian officials and humanitarian organizations have condemned the attack, highlighting the severe impact on civilians.

This tragic event has intensified calls for a ceasefire, with international mediators from the U.S., Egypt, Qatar, and Israel scheduled to meet in Italy to discuss potential resolutions. The ongoing conflict continues to take a heavy toll on the civilian population, with urgent appeals for peace and humanitarian aid growing louder.


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