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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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Diplomatic Overture: Lavrov Signals Willingness to Meet Rubio

                                          Russian Foreign Minister Sergei Lavrov

Russian Foreign Minister Sergey Lavrov has expressed readiness to meet with U.S. Senator Marco Rubio, signaling a potential opening for dialogue amid strained relations between Moscow and Washington.

Lavrov’s statement comes at a time when geopolitical tensions remain high, with both nations navigating disagreements over security, sanctions, and global conflicts. While no formal agenda has been announced, the prospect of a meeting suggests that both sides may be exploring avenues to reduce friction and establish communication channels.

Rubio, a senior Republican senator known for his strong stance on foreign policy, has frequently criticized Russia’s actions on the international stage. A meeting between the two figures could mark a rare opportunity for direct engagement, though expectations for substantive breakthroughs remain cautious.

Observers note that even symbolic gestures of dialogue can carry weight in international diplomacy, particularly when relations are at a low point. Whether this potential meeting leads to tangible progress or remains a diplomatic formality will depend on the willingness of both parties to find common ground.


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