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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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Pope Leo Urges Urgent Gaza Ceasefire in Talks with Israeli President

 

                                       Pope Leo XIV meets Israeli President Isaac Herzog at the Vatican     

Pope Leo XIV met with Israeli President Isaac Herzog on Thursday, using the high-profile meeting to highlight what he called the “tragic situation in Gaza” and to renew the Vatican’s call for an urgent, permanent ceasefire.

According to a Vatican statement, the talks were “cordial” but focused heavily on the ongoing war, with the pontiff urging the swift release of all remaining hostages held by Hamas, unimpeded humanitarian aid access to the most affected areas, and full respect for international humanitarian law.

Pope Leo reaffirmed the Holy See’s long-standing support for a two-state solution, describing it as the only viable path to lasting peace between Israelis and Palestinians. The leaders also discussed the importance of protecting Christian communities in the Middle East and fostering social cohesion through education and development initiatives.

President Herzog thanked the pope for his warm welcome, expressing Israel’s desire for peace and unity in the region, while reiterating his government’s commitment to securing the release of hostages.

The meeting comes as the conflict in Gaza continues to escalate, with both sides facing mounting international pressure to halt the violence.


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