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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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Mark Carney Eyes Liberal Leadership Following Trudeau's Resignation


In the wake of Justin Trudeau's resignation as the leader of the Liberal Party, former Bank of Canada and Bank of England governor Mark Carney has announced that he is considering entering the race to succeed Trudeau. Trudeau, who has served as Prime Minister for nine years, cited internal party pressures and declining public support as reasons for his decision to step down.

Carney, 59, has had a distinguished career in finance and public service, and his potential candidacy has generated significant interest within the Liberal Party. Over the past few weeks, Carney has been in contact with numerous Liberal MPs, seeking their advice and support for his leadership bid. While some MPs have expressed skepticism about his ability to transition from a career in finance to politics, others have praised his economic expertise and leadership qualities.

Carney's entry into the leadership race could bring a fresh perspective to the Liberal Party, which is facing challenges both internally and from the opposition. As the party prepares for a competitive leadership contest, Carney's experience and vision for Canada's future will be closely scrutinized by party members and the public alike.

The Liberal Party's leadership race is expected to be a robust and nationwide process, with several other high-profile candidates, including former Deputy Prime Minister Chrystia Freeland and Transport Minister Anita Anand, also being considered as potential successors to Trudeau. The outcome of this leadership contest will shape the future direction of the Liberal Party and its approach to key issues such as the economy, climate change, and social policies.

As Carney weighs his decision, he has emphasized the importance of consulting with his family and considering the impact of his potential candidacy on his personal and professional life. The coming weeks will be crucial for Carney and the Liberal Party as they navigate this period of transition and prepare for the challenges ahead.


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