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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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Lebanon’s Political Fragility Amid Rising Tensions with Israel

 

As tensions between Hezbollah and Israel escalate, Lebanon finds itself on the precipice of a potential all-out war. This conflict threatens to exacerbate the already fragile political and economic situation in Lebanon, a country grappling with one of the century’s worst economic crises and a prolonged political deadlock.

Hezbollah, a powerful political and militant group in Lebanon, has been engaged in a low-level conflict with Israel since October 2023. The group’s actions have drawn mixed reactions within Lebanon, with some factions supporting Hezbollah’s stance against Israel, while others criticize it for dragging the country into a potentially devastating conflict.

The Lebanese political system, characterized by sectarian divisions and a lack of consensus, has struggled to address the nation’s pressing issues. The absence of a president since October 2022 has further compounded the political paralysis, leaving the country without effective leadership during these critical times.

The potential for an all-out war with Israel poses a significant threat to Lebanon’s already strained infrastructure and economy. The international community watches with concern, as any escalation could have far-reaching consequences for the region and beyond.

Lebanon’s path forward remains uncertain, with the need for political unity and stability more urgent than ever. The coming days will be crucial in determining whether the country can navigate through this crisis without descending into further chaos.





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