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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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Hudson's Bay: A Canadian Legacy Faces Major Downsizing


Hudson’s Bay Company, a cornerstone of Canadian retail history, is set to undergo a significant transformation. Following a court decision, the company will retain only six stores across Ontario and Quebec, including flagship locations in downtown Toronto and Montreal. Meanwhile, liquidation sales for the remaining 74 stores will commence on March 24, 2025, with closures expected by June.

This decision comes after years of financial struggles and shifting consumer habits that have challenged traditional brick-and-mortar retailers. The retained stores represent a glimmer of hope for the 354-year-old institution, but the closures mark the end of an era for many communities across Canada.

As the liquidation process begins, shoppers will have a final opportunity to visit these iconic stores and purchase merchandise at discounted prices. The company’s future remains uncertain, but its impact on Canadian history and retail culture is undeniable.

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