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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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Escalation in Gaza: Israeli Forces Advance in Khan Younis, 20 Killed

 

Israeli tanks advanced into the northern parts of Khan Younis in southern Gaza on Wednesday, leading to a significant escalation in the ongoing conflict. Palestinian medics reported that Israeli airstrikes resulted in the deaths of at least 20 people across the enclave.

The advance came a day after the Israeli military issued new evacuation orders, citing rocket launches from the area. The airstrikes targeted central Gaza, killing 11 people, including six children and one medic. Five of the victims were reportedly queuing outside a bakery. Additionally, nine Palestinians were killed by tank fire in Rafah, near the Egyptian border.

The situation in Gaza remains dire, with residents fleeing their homes amid the shelling. The humanitarian-designated area of Al-Mawasi has seen an influx of displaced families seeking safety. The conflict, which began after Hamas-led fighters attacked Israeli communities on October 7, 2023, has resulted in over 44,400 Palestinian deaths and widespread destruction.

The international community continues to call for a ceasefire, but the violence shows no signs of abating. The humanitarian crisis in Gaza is worsening, with hospitals and aid workers struggling to cope with the influx of casualties and displaced persons.

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