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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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Clash Over Campus Control: Harvard Challenges Trump Administration in Court

 

Harvard University is set to face off against the Trump administration in federal court over the cancellation of approximately $2.6 billion in research funding. The hearing, held in Boston before U.S. District Judge Allison Burroughs, marks a pivotal moment in a broader battle over academic autonomy and federal oversight.

The Trump administration froze the funding earlier this year, citing Harvard’s alleged failure to adequately address antisemitism on campus following the October 2023 Hamas attacks on Israel. Officials demanded sweeping reforms, including changes to governance, hiring, admissions, and the elimination of diversity, equity, and inclusion (DEI) programs.

Harvard rejected these demands, arguing that the government’s actions amount to unlawful retaliation and violate the First Amendment. The university claims the funding cuts jeopardize hundreds of research projects, including work on cancer treatment, neurodegenerative diseases, and national security initiatives.

The administration maintains that federal grants come with conditions and that institutions failing to meet them are subject to cancellation. It also argues that the court lacks jurisdiction and that the case should be heard in the Federal Court of Claims.

While negotiations between Harvard and the White House had shown signs of progress, they ultimately collapsed. The outcome of this legal showdown could reshape the relationship between elite universities and federal funding—and set a precedent for how far government influence can reach into academic institutions.

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