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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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Border Inferno: Thai Airstrike Deepens Cambodia Conflict

 


Thai Fighter Jet Bombs Cambodian Targets Amid Escalating Border Clash

In a dramatic escalation of long-standing border tensions, Thailand deployed an F-16 fighter jet to bomb Cambodian military targets on Thursday, marking the most intense armed conflict between the two Southeast Asian nations in over a decade.

The clash erupted near the disputed Ta Moan Thom temple, with both sides accusing each other of initiating hostilities. What began as small arms fire quickly escalated into heavy artillery shelling across multiple locations along the 817-kilometer border.

Key Developments:

  • Thai Airstrike: One of six F-16 jets deployed by Thailand struck a Cambodian military target, which Cambodia condemned as “reckless and brutal military aggression”.
  • Casualties: At least 12 people were killed, including 11 civilians and one Thai soldier. Over 30 others were injured.
  • Evacuations: Thailand evacuated more than 40,000 civilians from border villages, with shelters fortified using sandbags and tires.
  • Diplomatic Fallout: Thailand recalled its ambassador from Phnom Penh and expelled Cambodia’s envoy following landmine injuries to Thai soldiers, which Bangkok blamed on Cambodia.
  • International Reactions: The U.S., China, and ASEAN members urged restraint and called for peaceful resolution. Cambodia appealed to the UN Security Council to intervene.

Historical Context:

The conflict stems from decades of disputes over sovereignty, particularly around ancient temples like Preah Vihear and Ta Moan Thom. Although the International Court of Justice awarded Preah Vihear to Cambodia in 1962, tensions reignited in 2008 when Cambodia sought UNESCO recognition for the site.

As the situation remains volatile, regional powers are pushing for de-escalation, but both sides continue to reinforce their positions. The use of air power by Thailand underscores the military imbalance and raises fears of a broader conflict.


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