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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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Ontario PCs Secure Third Majority Government Amid Economic Uncertainty

 

In a historic victory, Doug Ford's Progressive Conservatives have clinched their third consecutive majority government in Ontario. This marks the first time in over 50 years that a party has achieved such a feat in the province. Ford's campaign focused heavily on addressing economic uncertainties, particularly those stemming from the United States. Despite falling short of the increased majority he sought, the PCs' win underscores their continued dominance in Ontario politics.

The opposition parties, including the NDP and Liberals, faced significant challenges throughout the campaign. The NDP is set to form the official Opposition, while the Liberals are poised to regain official party status with at least 12 seats. Ford's victory speech emphasized his commitment to protecting Ontario from external economic threats and continuing his administration's policies.

This election result solidifies Doug Ford's position as one of Ontario's most successful premiers, joining the ranks of leaders like Bill Davis and Leslie Frost. The PCs' ability to secure a third majority demonstrates their strong voter base and effective campaign strategy.



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