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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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Former President Joe Biden Diagnosed with Aggressive Prostate Cancer

 

Former U.S. President Joe Biden has been diagnosed with an aggressive form of prostate cancer, his office announced on Sunday. The 82-year-old former leader sought medical attention last week after experiencing urinary symptoms, leading to the discovery of a prostate nodule. 

Biden's diagnosis was confirmed on Friday, with reports indicating that the cancer has metastasized to his bones. Despite the severity of the disease, his office stated that the cancer appears to be hormone-sensitive, which allows for effective management. 

The former president and his family are currently reviewing treatment options with his physicians. Biden has previously made cancer research a priority, launching initiatives aimed at reducing cancer-related deaths during his time in office. 

This is a developing story, and further updates are expected as Biden and his medical team determine the best course of action.

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