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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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Naim Qassem Elected as New Hezbollah Leader Following Nasrallah’s Death

 

In a significant leadership change, Hezbollah has elected Naim Qassem as its new leader following the death of Hassan Nasrallah. Nasrallah, who led the group for nearly three decades, was killed in an Israeli airstrike on Beirut’s southern suburb last month.

Qassem, who has served as Hezbollah’s deputy head for many years, was chosen by the group’s Shura Council. His appointment marks a pivotal moment for Hezbollah as it navigates ongoing regional tensions and internal challenges. In his acceptance speech, Qassem emphasized the group’s resilience and commitment to its cause, vowing to continue Nasrallah’s legacy.

The election of Qassem is expected to influence Hezbollah’s strategic direction and its stance in the broader Middle Eastern geopolitical landscape.


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