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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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Russian MiG-31 Jets Violate Estonian Airspace, Prompt NATO Response

                                            Russian Air Force Mikoyan-Gurevich MiG-31.

In a dramatic escalation of tensions along NATO’s eastern flank, Estonia reported a serious breach of its airspace on Friday, September 19, when three Russian MiG-31 fighter jets entered without authorization. The aircraft penetrated approximately five nautical miles into Estonian territory near Vaindloo Island and remained for 12 minutes, flying without flight plans, transponders, or radio contact.

Italian F-35s stationed in Estonia under NATO’s Baltic Air Policing mission were scrambled to intercept the intruders, supported by Finnish and Swedish aircraft. Estonian Prime Minister Kristen Michal called the incursion “totally unacceptable,” while Foreign Minister Margus Tsahkna described it as “unprecedentedly brazen,” marking the fourth such violation by Russia this year.

Estonia has invoked NATO’s Article 4, which allows member states to request consultations when their territorial integrity or security is threatened. The North Atlantic Council is expected to convene early next week to address the incident.

This breach follows similar provocations in Poland and Romania, where Russian drones and jets have recently entered NATO airspace. EU foreign policy chief Kaja Kallas warned, “Putin is testing the resolve of the West. We must not show weakness”.


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