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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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Diplomatic Tensions Rise as Trump Criticizes Mexico’s Sheinbaum Over U.S. Troop Offer

Former U.S. President Donald Trump has publicly criticized Mexican President Claudia Sheinbaum for rejecting his proposal to send U.S. troops into Mexico to combat drug cartels. Trump, speaking to reporters aboard Air Force One, claimed that Sheinbaum’s refusal stemmed from fear of the cartels, stating, “She is so afraid of the cartels that she can’t even think straight”.

Sheinbaum, however, has firmly defended her decision, emphasizing Mexico’s sovereignty. She reiterated that while collaboration between the two nations is possible, U.S. military presence within Mexican territory is unacceptable. “We can work together, but you in your territory and us in ours,” she stated.

Trump’s comments come amid increasing pressure on Mexico from the U.S. to intensify efforts against drug trafficking, particularly fentanyl smuggling. His administration has designated several cartels as terrorist organizations, a move that has further complicated diplomatic relations.

The exchange highlights ongoing tensions between the two leaders, with Sheinbaum maintaining that Mexico will not accept foreign military intervention, despite Trump’s insistence that U.S. troops could help dismantle cartel operations. As both nations navigate security concerns, the debate over sovereignty and international cooperation remains a focal point in their relationship.

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