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Canada’s Inflation Climbs to 2.4% as Gas Prices Surge to Record High

  Canada’s inflation rate accelerated to 2.4% in March , up from 1.8% in February, as the Iran war triggered the largest monthly gasoline price increase on record . Statistics Canada reported that gas prices surged 21.2% month‑over‑month , a supply‑shock response to Iran’s closure of the Strait of Hormuz and broader Middle East instability.  Energy costs were the dominant driver of March inflation, with overall energy prices rising 3.9% year‑over‑year after a sharp decline the month before. Excluding gasoline, inflation would have eased to 2.2% , highlighting how concentrated the price shock was.  Food inflation offered mixed relief: grocery prices rose 4.4% , while fresh vegetables jumped 7.8% due to difficult growing conditions. Restaurant inflation cooled sharply as last year’s tax‑holiday distortions fell out of the annual comparison.  Economists note that while headline inflation spiked, core measures remained relatively tame , giving the Bank of Canada ro...
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Tragedy in Gaza: School Shelter Targeted Amid Ceasefire Talks


An Israeli airstrike on a school-turned-shelter in Gaza City has claimed the lives of at least 23 people, including children, as Arab mediators work tirelessly to negotiate a long-term truce between Israel and Hamas. The strike ignited tents sheltering displaced Palestinians, leaving many burned alive. 

The attack comes amidst heightened tensions and a seven-week blockade on Gaza, which has severely restricted food and humanitarian aid. International criticism of the blockade has intensified, with France, Germany, and Britain calling it "intolerable". Palestinian President Mahmoud Abbas has urged Hamas to release hostages to prevent further escalation.

The humanitarian crisis in Gaza continues to worsen, with displaced families struggling to survive under dire conditions. The tragedy underscores the urgent need for a resolution to the conflict and an end to civilian suffering.



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