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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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Futures Dip as Markets Grapple With AI’s Growing Disruption Risk

U.S. stock futures edged lower in premarket trading as investors continued to wrestle with the implications of rapid advances in artificial intelligence. While enthusiasm for AI has fueled a powerful rally over the past year, concerns are mounting that the technology’s disruptive potential could unsettle labor markets, corporate earnings models, and long‑term productivity forecasts.

Tech-heavy indices were among the first to reflect the shift in sentiment, with traders reassessing valuations of companies seen as either beneficiaries or potential casualties of accelerated automation. Analysts note that the market is entering a phase where optimism about AI’s transformative power is being tempered by questions about regulation, competitive pressures, and the pace of adoption.

Despite the pullback, many strategists argue that volatility is a natural part of the market’s adjustment to a technology expected to reshape entire industries. For now, investors appear to be taking a more cautious stance as they await fresh economic data and corporate commentary that could clarify how deeply AI disruption will ripple through the broader economy.

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