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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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Wall Street Takes a Breather After Record-Breaking Rally

After a blistering run to fresh highs, U.S. stock futures paused on Friday, signaling a moment of reflection for investors. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all hovered near record levels, with futures inching up just 0.1% across the board.

The rally was fueled by encouraging economic data, including strong retail sales and a dip in jobless claims, which helped ease concerns over the impact of President Trump’s tariffs on consumer spending. However, the momentum slowed as investors digested mixed earnings reports and awaited further clarity on monetary policy.

Netflix kicked off Big Tech earnings with a solid beat on both profit and revenue, yet its stock slipped in premarket trading as investors hoped for more aggressive guidance upgrades. Upcoming reports from 3M, American Express, and Charles Schwab are expected to provide further insight into corporate resilience.

Meanwhile, the drama surrounding Fed Chair Jerome Powell has simmered down, though speculation continues over his potential replacement and the future direction of interest rates.

With Wall Street still basking in the glow of recent gains, today’s pause may be less about hesitation and more about recalibration. Investors are watching closely to see whether this rally has more fuel—or if it’s time to cool off.

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