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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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Catastrophe in North Gaza: UN Warns of Imminent Risk of Death

 

The situation in North Gaza has reached catastrophic levels, with the United Nations describing it as “apocalyptic.” The ongoing military offensive by Israel against Hamas militants has left the entire Palestinian population in the region at imminent risk of death due to disease, famine, and violence.

Top UN officials have issued urgent warnings, highlighting the dire humanitarian crisis. Basic necessities such as food, water, and medical supplies are scarce, and humanitarian aid efforts are severely hampered by access constraints and security concerns. The heads of multiple UN agencies, including UNICEF and the World Food Programme, have called for an immediate cessation of hostilities to allow for the safe delivery of life-saving aid.

The international community is watching closely, with the United States urging Israel to improve the humanitarian situation or face potential restrictions on military aid. Despite these pressures, the situation remains critical, with tens of thousands of people in northern Gaza marooned without essential supplies.

The UN’s stark warning underscores the urgent need for a resolution to the conflict and immediate humanitarian relief to prevent further loss of life in North Gaza.


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