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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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James Comey Indicted: Former FBI Director Faces Two Federal Charges

                                            Former FBI director James Comey indicted on two charges.

A federal grand jury in Virginia has indicted former FBI Director James Comey on two felony charges tied to his testimony before Congress in 2020. The indictment, unsealed Thursday, accuses Comey of making false statements to lawmakers and obstructing a congressional proceeding—both carrying potential prison sentences of up to five years.

The charges stem from Comey’s sworn testimony before the Senate Judiciary Committee, where he denied authorizing FBI officials to serve as anonymous sources in media reports about sensitive investigations. Prosecutors allege that Comey knowingly misled senators, contradicting evidence that he had, in fact, directed an FBI contact to speak with reporters.

Comey, who was fired in 2017 by President Donald Trump, responded defiantly in a video statement, declaring his innocence: “I am innocent. So, let’s have a trial.” He added that he had “great confidence in the federal judicial system” despite what he described as political pressure surrounding the case.

The indictment makes Comey the first former FBI director to face criminal charges for testimony to Congress. Legal experts note that prosecutors will need to prove not only that Comey’s statements were false, but that he knowingly and intentionally misled lawmakers—a high bar in court.

Comey is scheduled to be arraigned on October 9 in federal court in Alexandria, Virginia.


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