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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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The Ripple Effect of Trump's Tariff Strategy on Global Trade

The global trade landscape has been shaken by President Trump's aggressive tariff policies. His decision to impose steep tariffs on Chinese imports has led to heightened tensions between the world's two largest economies. While the move aims to protect American industries and push for better trade deals, it has triggered significant market volatility. The S&P 500 has seen sharp declines, and Asian markets have followed suit.

China has responded with countermeasures, including restricting imports of American goods, further straining relations. Meanwhile, other nations are scrambling to adapt, with some initiating trade talks to mitigate the impact. The uncertainty surrounding these policies has left investors and global leaders questioning the long-term consequences for international trade and economic stability.

Trump's gamble reflects his belief in reshaping the global trade order, but whether this strategy will yield the desired results remains to be seen.

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