Skip to main content

Featured

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-...
Post a Comment
Read more

article

Labels

Stock Market Today: Chip Stocks Surge as Nvidia Leads the Way

U.S. stock futures surged on Monday as chip stocks shone, with Nvidia leading the charge. Contracts on the Nasdaq 100 jumped almost 1%, while S&P 500 futures rose roughly 0.7%, poised to build on Friday's tech-led rally. Dow Jones Industrial Average futures also saw a modest rise of 0.3%.

The upbeat mood kicked off the first full-on week of 2025 for traders, highlighted by the release of the December nonfarm-payrolls report scheduled for Friday. Chip stocks rallied after a record revenue and strong sales forecast from Nvidia's server partner Foxconn, boosting optimism for AI-fueled growth. Nvidia shares rose 2% in pre-market trading, while peers AMD and Micron Technology each gained over 3%.

Focus remains on Nvidia later Monday when CEO Jensen Huang gives the keynote speech to start the CES tech conference. Investors will be listening for signs that Nvidia's new Blackwell chip has overcome supply glitches.



Labels:

Comments

Post a Comment