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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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Market Watch: Tech Titans and Economic Data Shape the Week Ahead

The stock market is poised for a pivotal week as futures for the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite edged lower in early trading. Investors are bracing for a flurry of earnings reports from major tech companies, including Apple, Amazon, Meta, and Microsoft, which are expected to set the tone for market sentiment. 

Adding to the anticipation, key economic data releases, such as the Federal Reserve's preferred inflation gauge—the Personal Consumption Expenditures (PCE) index—and the April jobs report, will provide critical insights into the health of the U.S. economy. These indicators are particularly significant as they may influence the Federal Reserve's monetary policy decisions in the coming months.

Last week, the market showed resilience, with the S&P 500 achieving its longest daily positive streak since January. However, the cautious mood among investors reflects the uncertainty surrounding both corporate earnings and broader economic trends. 

As the week unfolds, all eyes will be on how these factors interplay to shape the market's trajectory. Will Big Tech deliver the results needed to sustain investor confidence, or will economic data cast a shadow over the optimism? Stay tuned for what promises to be an eventful week in the financial world.

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