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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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Trump Faces $350 Million Judgment in Civil Fraud Trial

 


In a significant legal development, Donald Trump has been slapped with a $350 million judgment by a New York State Supreme Court judge. The ruling comes after a 2½-month trial that exposed what the judge deemed a years-long scheme orchestrated by Trump to deceive banks and others through inflated financial statements. Here are the key details:
  1. Verdict: The judge ruled against Trump, imposing a $364 million penalty for fraudulent business practices in the state of New York.
  2. Deceptive Practices: Trump’s wealth, fame, and the White House were built on a multinational collection of properties, including skyscrapers and golf courses. However, the court found that his success was not just a result of harmless bragging but rather a pattern of deceptive practices.
  3. Three-Year Ban: In addition to the hefty fine, Trump has been barred from serving as an officer or director of any New York corporation for three years.
  4. Appeal: Trump’s legal team has already indicated their intention to appeal the decision.

This landmark judgment is a victory for New York Attorney General Letitia James, who filed the lawsuit against Trump. The former president’s legal battles continue, and the repercussions of this ruling are likely to reverberate in both legal and political circles.


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