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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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Trump and Putin: A High-Stakes Call for Peace

In a pivotal moment for international diplomacy, U.S. President Donald Trump is set to hold a phone call with Russian President Vladimir Putin. The conversation, scheduled for today, aims to address the ongoing conflict in Ukraine and explore the possibility of a 30-day ceasefire. This marks the first direct interaction between the two leaders since Ukraine agreed to a U.S.-backed truce proposal last week.

President Trump has expressed optimism about the call, describing it as a chance to "work a peace agreement, a ceasefire, and peace". However, the stakes are high, with both leaders expected to discuss contentious issues, including territorial concessions and control over critical infrastructure. Ukrainian President Volodymyr Zelenskyy has voiced concerns about potential compromises, emphasizing the importance of maintaining Ukraine's sovereignty.

As the world watches, the outcome of this call could set the tone for future U.S.-Russia relations and the broader geopolitical landscape. Whether this test of deal-making strength will yield tangible results remains to be seen.

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