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Canada's Inflation Just Hit a 3-Year High—Here's What That Actually Means for Your Money

May's Consumer Price Index report reveals inflation is accelerating again, driven by global oil shocks and rising food costs. We break down the impact on mortgages, savings, and your household budget. Last week, Canada's inflation story took a sharp turn. The May Consumer Price Index report showed inflation climbing to its highest level in three years—a wake-up call for households already struggling with rising costs and a signal that the Bank of Canada's long hold on interest rates may not ease anytime soon. If you've been hoping for relief at the grocery store or relief on your mortgage renewal, this news probably stings. But understanding what's driving inflation—and what it means for your financial decisions—is critical right now. What Pushed Inflation Up This Time? The spike wasn't random. Inflation jumped primarily due to energy and food prices—two categories that hit everyday Canadian wallets hard. Energy prices surged because of geopolitical tensions in ...
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Pakistan's Crackdown on Afghan Refugees: A Controversial Move


In recent weeks, Pakistan has intensified its efforts to arrest Afghan citizens residing in the country without proper documentation. This move has sparked significant controversy, with the Afghan Embassy in Islamabad accusing Pakistan of attempting to expel all Afghan refugees from its territory.

The Afghan Embassy issued a strongly worded statement, condemning the short timeframe given by Pakistani authorities and the unilateral nature of their decision. The embassy claimed that Afghan nationals in Islamabad and Rawalpindi have been subjected to arrests, searches, and orders to leave the cities and relocate to other parts of Pakistan.

Pakistan's Foreign Ministry has dismissed these allegations, stating that the authorities are merely facilitating conditions for the swift return of Afghans to their home country. The ministry emphasized that Pakistan has long threatened to deport Afghans living in the country illegally.

Prime Minister Shehbaz Sharif recently approved a March 31 deadline to deport those awaiting relocation to third countries unless their cases are swiftly processed by the governments that have agreed to take them. This decision appears to reverse an earlier extension granted to Afghan refugees registered with the UNHCR, which allowed them to stay in Pakistan until June 2025.

Since 2023, more than 800,000 Afghans have either returned home voluntarily or been expelled by force from Pakistan, according to the International Organization for Migration. The Afghan Embassy has expressed serious concerns about the mass expulsion of Afghan refugees within such a short timeframe and the lack of formal communication from Pakistani authorities.

The situation remains tense, with Afghan refugees in Pakistan facing an uncertain future as the March 31 deadline approaches.



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