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Canada's Inflation Jumps to 2.4% in March — And Your Grocery and Gas Bills Show It

Canada's annual inflation rate climbed to 2.4% in March 2026 , up sharply from 1.8% in February, according to Statistics Canada data released Monday. The jump was driven almost entirely by soaring energy prices tied to the U.S.-Iran conflict and its disruption of oil flows through the Strait of Hormuz — and Canadians felt it directly at the gas pump and grocery store. Headline CPI (March) 2.4% ▲ Up from 1.8% in February Gasoline (monthly) +21.2% Largest monthly jump on record Grocery prices (year/year) +4.4% Up from 4.1% in February Core CPI (ex-gas) 2.2% Milder than expected Gas was the main culprit Gasoline prices surged a record 21.2% month over month in March — the largest single-month jump ever recorded in Canada — as the U.S.-Iran conflict choked off roughly one-fifth of the world's oil supply through the Strait of Hormuz. On a year-...
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Biden vows to respond after Iranian-backed drone strike kills 3 US troops in Jordan

 


President Joe Biden has vowed to respond after three American troops were killed and dozens more were injured in an overnight drone strike in northeast Jordan near the Syrian border. 

The President blamed Iran-backed militias for the first U.S. fatalities after months of strikes by such groups against American forces across the Middle East amid the Israel-Hamas war. Biden, who was traveling in South Carolina, asked for a moment of silence during an appearance at a Baptist church’s banquet hall. “We had a tough day last night in the Middle East. We lost three brave souls in an attack on one of our bases," he said. After the moment of silence, Biden added, “and we shall respond.” With an increasing risk of military escalation in the region, 

U.S. officials were working to conclusively identify the precise group responsible for the attack, but they have assessed that one of several Iranian-backed groups was behind it. Biden said in a written statement that the United States “will hold all those responsible to account at a time and in a manner (of) our choosing.” Defense Secretary Lloyd Austin said "we will take all necessary actions to defend the United States, our troops, and our interests.”


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