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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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Europe's Stand: Ukraine's Voice Must Shape Its Future

 

Trump plans to meet Putin in Alaska on Friday, saying the parties, including Ukrainian President Volodymyr Zelenskiy, were close to a deal.


As anticipation builds ahead of the upcoming Trump-Putin summit in Alaska, European leaders have made their position unmistakably clear: Ukraine’s future must be determined by Ukrainians themselves. The summit, scheduled for August 15, aims to explore a resolution to the three-and-a-half-year war between Russia and Ukraine. However, proposed territorial concessions have sparked widespread concern across Europe.

French President Emmanuel Macron emphasized that “Ukraine's future cannot be decided without the Ukrainians, who have been fighting for their freedom and security for over three years now”. This sentiment was echoed by other European heads of state, who warned that any peace deal excluding Kyiv’s direct involvement would undermine both Ukrainian sovereignty and European security.

Ukrainian President Volodymyr Zelenskyy has firmly rejected any suggestion of ceding territory, stating, “Ukrainians will not give their land to the occupier”. European officials have reportedly presented a counterproposal to the U.S., insisting that any territorial exchange must be reciprocal and accompanied by robust security guarantees.

The summit’s outcome remains uncertain, but one principle is gaining traction: peace cannot be brokered over Ukraine without Ukraine at the table. As Macron put it, “Europeans will also necessarily be part of the solution, as their own security is at stake”.


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