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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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Market Turmoil: Wall Street Stumbles Amid Tariff Concerns

                                                  

The U.S. stock market faced a challenging day as major indices slid, reflecting investor unease over tariff-related uncertainties. The Dow Jones Industrial Average dropped by 0.9%, while the S&P 500 and Nasdaq Composite fell by 0.8% and 1%, respectively. 

This downturn comes as Wall Street grapples with mixed signals from the Federal Reserve and the looming implications of additional tariffs set to take effect in early April. Despite earlier optimism following the Fed's decision to maintain interest rates, concerns over inflation and slower economic growth have weighed heavily on market sentiment.

Adding to the tension, President Trump's trade policies have introduced further unpredictability, leaving investors cautious about the near-term outlook. Key sectors, including technology and consumer goods, bore the brunt of the sell-off, with notable declines in stocks like FedEx and Nike.

The market's recent volatility underscores the fragile balance between economic recovery and geopolitical challenges, leaving traders and analysts closely monitoring developments in the weeks ahead.

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