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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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Airstrikes Continue in Gaza Despite Ceasefire Announcement, Over 70 Lives Lost


In a tragic turn of events, the Gaza Health Ministry has reported that more than 70 people were killed in Israeli airstrikes following the announcement of a ceasefire agreement. The airstrikes, which occurred overnight, have shattered the brief moment of hope that had emerged with the ceasefire deal.

Residents of Gaza, who had been celebrating the anticipated truce, were met with columns of smoke and rubble as the airstrikes continued. Among the casualties were 20 children and 25 women, with around 200 others wounded. The scenes of devastation were repeated across the densely populated territory, where many have been displaced multiple times since the conflict began in October 2023.

The ceasefire agreement, brokered by Qatar and the United States, was set to take effect on Sunday, but the recent violence has cast doubt on its implementation. The Israeli military has not yet commented on the ongoing strikes.

As the international community watches closely, the hope for a lasting peace in Gaza remains fragile, with many fearing further bloodshed in the coming days.




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