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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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Israeli Strikes in Eastern Lebanon Leave Eight Hezbollah Fighters Dead

 

People collect the remains of their belongings from a building destroyed in an Israeli strike in the village of Bednayel in eastern Lebanon, on Saturday.

Israeli airstrikes in eastern Lebanon have killed eight members of Hezbollah, according to Lebanese security officials and sources close to the group. The strikes targeted positions near the Syrian border, an area where Hezbollah maintains a significant presence and frequently moves personnel and equipment.

The attack marks one of the deadliest single incidents for Hezbollah in recent weeks, as cross‑border hostilities between Israel and the Iran‑backed group continue to escalate. Since the outbreak of the Gaza war, the northern Israeli–Lebanese frontier has seen near‑daily exchanges of fire, raising fears of a broader regional conflict.

Hezbollah has not immediately released details about the identities of the fighters killed, but the group has vowed to respond to Israeli operations that result in casualties among its ranks. Israeli officials, meanwhile, have maintained that their strikes are aimed at preventing Hezbollah from expanding its military capabilities or opening a wider front.

Regional observers warn that the sustained tit‑for‑tat attacks risk pushing both sides closer to a full‑scale confrontation, even as international mediators attempt to de‑escalate tensions.


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