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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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Alaska Airlines Restores Flights After System-Wide IT Outage

 


Alaska Airlines resumed operations early Monday morning, July 21, after a major IT outage grounded its entire fleet for approximately three hours.

The outage, which began around 8 p.m. Pacific Time on Sunday, affected both Alaska Airlines and its regional subsidiary, Horizon Air. The airline requested a temporary, system-wide ground stop from the Federal Aviation Administration (FAA), halting all flights nationwide.

By 11 p.m. Pacific Time, the technical issues were resolved, and flight operations gradually resumed. Alaska Airlines issued a statement apologizing for the disruption and advised passengers to check their flight status before heading to the airport.

While the root cause of the outage remains undisclosed, some cybersecurity experts have speculated possible links to recent aviation-targeted ransomware activity. The airline noted that residual delays may continue as aircraft and crews are repositioned to restore normal service levels.

This marks the second major IT-related disruption for Alaska Airlines in just over a year, highlighting growing concerns about technological resilience in the aviation industry.

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