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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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Operation Epic Fury: U.S. and Israel Launch Major Assault on Iran

People watch as smoke rises on the skyline after an explosion in Tehran, Iran, Saturday, Feb. 28, 2026.

A sweeping joint military offensive by the United States and Israel has struck multiple targets across Iran, marking one of the most significant escalations in Middle East tensions in decades. President Donald Trump confirmed that “major combat operations” were underway, describing the campaign as a massive and ongoing effort aimed at neutralizing what he called imminent threats from the Iranian regime. Explosions were reported across Tehran and other major cities as missiles and airstrikes targeted military and government sites. 

Israeli Prime Minister Benjamin Netanyahu framed the operation as a preemptive strike intended to eliminate an “existential threat,” while Iranian forces responded with missile attacks on Israel and U.S. bases throughout the region. Reports indicate incoming fire in countries including Qatar, the UAE, Bahrain, and Iraq, underscoring the regional scale of the confrontation. 

The first wave of strikes reportedly hit areas near the offices of Iran’s supreme leader, signaling the depth and ambition of the operation. As air defenses engaged across multiple nations, the conflict rapidly expanded beyond Iran’s borders, raising fears of a prolonged and destabilizing regional war. 

With both Washington and Jerusalem urging Iranians to challenge their government, the offensive appears to carry political as well as military objectives. As the situation continues to evolve, the world watches closely for signs of further escalation or potential diplomatic intervention. 

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