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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 Valencia: Floods Claim 205 Lives, Sparking Anger and Calls for Aid

 

Three days after devastating flash floods swept through towns in Spain’s Valencia region, the death toll has risen to 205, with 202 victims from Valencia alone. The initial shock is now giving way to anger and frustration as residents grapple with the aftermath of Spain’s deadliest natural disaster in living memory.

The floods, which began on Tuesday, have left streets blocked by vehicles and debris, trapping some residents in their homes. Many areas are still without electricity, running water, or stable telephone connections. The damage is reminiscent of a tsunami, with survivors mourning lost loved ones and struggling to rebuild their lives.

Local authorities and emergency services are working tirelessly to search for missing persons, many feared to be trapped in wrecked vehicles or flooded garages. The mayor of Chiva, Amparo Fort, described the situation as “unbelievable” and called for more machinery and aid to access affected sites.

Residents like Emilio Cuartero from Masanasa have voiced their desperation, highlighting the urgent need for basic supplies such as bread and water. The community’s resilience is evident as they come together to clear debris and support one another, but the scale of the disaster has left many feeling overwhelmed and in need of greater assistance.

As the region continues to recover, the solidarity among the people of Valencia offers a glimmer of hope amidst the devastation.


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