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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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Rising Tensions as Trump Acknowledges Risk of U.S. Casualties in Iran Strikes

 

                               Smoke in the sky over Jerusalem, after missiles were launched from Iran towards Israel  


U.S. President Donald Trump has confirmed that the United States has launched what he described as “major combat operations” in Iran, cautioning that American casualties are possible as the conflict escalates. According to multiple reports, the strikes are aimed at dismantling Iranian missile capabilities and crippling its naval forces. Trump emphasized that his administration has taken extensive measures to reduce risks to U.S. personnel, but acknowledged that loss of life “often happens in war.” 

In a video message, Trump stated that the Iranian regime “seeks to kill,” underscoring the gravity of the situation and the potential dangers facing U.S. service members. He framed the military action as a necessary step to counter Iran’s nuclear and ballistic missile ambitions, following repeated warnings from both the United States and Israel. 

The developments mark a significant escalation in regional tensions, with the administration urging vigilance and preparing the public for the possibility of casualties as operations continue.

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