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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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Cyclone Triggers Deadly Floods in Indonesia, Death Toll Rises to 303

People walk down the embankment of a river to take a boat ride across, after a bridge nearby collapsed during a flood in Bireun, Aceh province, Indonesia on November 29, 2025.

Indonesia is reeling from one of its deadliest natural disasters in recent years as the death toll from catastrophic floods and landslides has climbed to 303, according to the country’s disaster management agency. The devastation was triggered by a powerful tropical cyclone that battered several provinces, unleashing torrential rains and widespread destruction.

Entire communities have been submerged, with homes, roads, and bridges swept away. Rescue teams are working tirelessly to reach survivors, though many areas remain cut off due to damaged infrastructure. Thousands have been displaced, taking shelter in temporary camps as authorities race to provide food, clean water, and medical aid.

Officials warn that the number of casualties could rise further as search operations continue. The government has urged residents in vulnerable regions to remain vigilant, as heavy rainfall is expected to persist in the coming days.

This disaster underscores Indonesia’s vulnerability to extreme weather events, which are becoming more frequent and severe across Southeast Asia.


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