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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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Macron Reinstates Lecornu as Prime Minister Amid Political Deadlock

 

                                            Emmanuel Macron and Sebatien Lecornu                

French President Emmanuel Macron has reappointed Sébastien Lecornu as prime minister, just days after accepting his resignation, in a dramatic bid to end France’s ongoing political crisis.

Lecornu, who initially stepped down after less than a month in office due to fierce criticism of his newly formed cabinet, agreed to return to the role “out of duty.” He pledged to focus on delivering a national budget by the end of the year and addressing the daily concerns of French citizens.

The surprise move highlights the deep political paralysis gripping France. Macron’s government has struggled to secure a majority in the National Assembly, making it nearly impossible to pass legislation without opposition support. The reappointment is widely seen as a last-ditch effort to stabilize Macron’s second term, which runs until 2027.

While allies within Macron’s Renaissance party welcomed Lecornu’s return as a step toward stability, opposition leaders sharply criticized the decision, warning it could prolong the political stalemate rather than resolve it.

For now, all eyes are on Lecornu as he attempts to rebuild his cabinet and steer France out of its political gridlock.


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