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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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Markets Rally as Trump Prepares for Second Term

                                              

Investors are optimistic as Donald Trump returns to the White House, anticipating benefits from his pro-business agenda. Despite lingering concerns over his protectionist trade policies, the financial markets are hopeful that Trump's promises of tax cuts, deregulation, and immigration reforms will boost economic growth.

During his first term, the S&P 500 saw a significant rise, and many investors are eager to see if history will repeat itself. However, some remain cautious, aware that Trump's tariff plans could potentially increase inflation and impact bond and stock prices.

As Trump gears up to implement a wave of executive orders targeting key policy areas, the cryptocurrency industry is particularly excited about the potential loosening of regulations. Wall Street CEOs have expressed confidence that the incoming administration will be business-friendly, which has already lifted bank stocks and sent cryptocurrencies soaring.

While the markets are currently optimistic, the true impact of Trump's policies will unfold over time, and investors are advised to stay vigilant.




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