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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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European Ministers Set for Crucial Nuclear Talks with Iran in Geneva

Foreign ministers from Germany, France, and Britain are scheduled to meet with their Iranian counterpart in Geneva this Friday for high-stakes nuclear discussions. The talks, coordinated with the United States, aim to secure firm guarantees that Iran's nuclear program will be used solely for civilian purposes.

The ministers will first consult with European Union foreign policy chief Kaja Kallas at Germany’s permanent mission in Geneva before engaging in a joint meeting with Iran’s foreign minister. According to diplomatic sources, the discussions will be followed by a structured dialogue at an expert level to further address concerns and technical details.

This meeting comes amid ongoing international scrutiny of Iran’s nuclear activities, with European leaders seeking to reinforce diplomatic efforts to prevent nuclear proliferation. The outcome of these talks could shape future negotiations and influence global security dynamics.


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