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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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Tragedy in Gaza: Airstrike Claims Lives Amid Ongoing Conflict


In a devastating turn of events, Israeli forces bombarded homes in the northern Gaza Strip, resulting in the deaths of at least 15 people. The airstrike, which targeted a building in the town of Beit Lahiya, left several others wounded and many more missing. The Palestinian Civil Emergency Service reported that rescue workers struggled to reach the site immediately due to the ongoing conflict.

The attack has further strained the already overwhelmed hospitals in the area, which are barely operational and unable to cope with the influx of wounded individuals. Residents in Jabalia, Beit Lahiya, and Beit Hanoun reported that clusters of houses were bombed, with some set ablaze. Israeli drones also dropped bombs outside a school sheltering displaced families, suggesting an attempt to scare them into leaving.

The Israeli military, which began its offensive against Hamas in Gaza following the militant group's attack on southern Israeli communities on October 7, 2023, stated that its latest operations in northern Gaza aim to prevent militants from regrouping and launching further attacks. However, the ongoing conflict has resulted in significant casualties and displacement, with Gaza officials reporting over 44,400 deaths and widespread destruction across the enclave.

Efforts to reach a ceasefire continue, with Egyptian officials hosting talks between Hamas and the rival Fatah group led by Palestinian President Mahmoud Abbas. The discussions aim to establish a committee to govern post-war Gaza, but no final agreement has been reached. Meanwhile, the humanitarian crisis in Gaza worsens, with the international community calling for urgent action to address the dire situation.

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