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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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Tariff Tipping Point: Trump Unleashes Reciprocal Tariffs

 

In a dramatic escalation of trade tensions, President Donald Trump declared today that reciprocal tariffs are set to take effect. Speaking in an emphatic post on his social media platform, Trump proclaimed, "Today is the big one: reciprocal tariffs!" The announcement signals that the administration will match any tariffs imposed on U.S. imports by other nations—a move aimed at leveling the playing field for American manufacturers.

While details remain sparse, the president hinted that the new policy will target countries that levy higher duties on U.S. goods, a tactic intended to protect domestic industries and generate additional government revenue. Economists, however, warn that such measures may ultimately burden American consumers with higher prices and disrupt global supply chains.

Market watchers are already anticipating swift retaliatory responses from key trading partners such as China, Canada, and Mexico. As the global trade landscape braces for further volatility, investors and businesses alike are keeping a close eye on the unfolding tariff war, which could signal a new chapter in U.S. trade policy.

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