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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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Gaza’s Agony: Escalation Marks War’s First Anniversary

 

On the first anniversary of the war, Israel has significantly escalated its air and ground offensive in Gaza. The latest wave of attacks has targeted Hamas militants and command posts, causing widespread destruction and further straining the lives of civilians.

The renewed bombardment has intensified the already dire humanitarian situation in Gaza. Civilians, caught in the crossfire, are desperate for a return to calm. Many have lost their homes and loved ones, and the constant threat of violence has left the population in a state of perpetual fear.

Israeli officials have stated that the operations are necessary to dismantle Hamas’ military capabilities, which they claim are deeply embedded within civilian areas. However, the heavy toll on the civilian population has drawn international concern and calls for an immediate ceasefire.

As the conflict enters its second year, the prospects for peace remain uncertain. The international community continues to urge both sides to seek a diplomatic resolution to prevent further loss of life and suffering.



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