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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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Canada Opens New Consulate in Greenland, Marking a Milestone in Arctic Diplomacy

 

Foreign Affairs Minister Anita Anand, front centre, helps raise the Canadian flag at the new Canadian consulate in Nuuk, Greenland, on Friday. 


Canada has officially inaugurated its new consulate in Nuuk, Greenland, a move that underscores the country’s growing commitment to Arctic cooperation and northern diplomacy. The opening ceremony was led by Governor-General Mary Simon, whose long-standing advocacy for Inuit and circumpolar collaboration added symbolic weight to the event.

The ceremony featured the raising of the Canadian flag and remarks highlighting the deep cultural, historical, and geographic ties between Inuit in Canada and Greenland. Officials emphasized that the new consulate will strengthen partnerships on climate research, economic development, and regional security—areas of increasing global interest as the Arctic continues to transform.

The consulate’s establishment also signals Canada’s intention to play a more active role in circumpolar affairs, ensuring that northern voices and priorities remain central to international discussions about the future of the Arctic.


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