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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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Canada Imposes Sanctions on Extremist Israeli Settlers in the West Bank

 

 In a significant move, Canada has imposed sanctions on individuals accused of engaging in violence against Palestinian civilians and their property in the West Bank. These are the first-ever sanctions targeting extremist Israeli settlers under the Special Economic Measures Act. The escalating violence by extremist settlers has undermined human rights, prospects for a two-state solution, and regional security. Since October 7, 2023, there have been at least 800 settler attacks against Palestinians, resulting in verbal or physical assaults, property damage, and forced displacement of communities.

The Sanctioned Individuals:

  1. David Chai Chasdai
  2. Yinon Levi
  3. Zvi Bar Yosef
  4. Moshe Sharvit

These individuals are now prohibited from dealings related to Canada and are rendered inadmissible under the Immigration and Refugee Protection Act. Canada remains committed to a comprehensive, just, and lasting peace in the Middle East, opposing the expansion of illegal settlements in the West Bank and East Jerusalem.

Foreign Affairs Minister Mélanie Joly emphasized that acts of extremist settler violence are unacceptable, and perpetrators will face consequences. The rise in violence poses significant risks to peace and security in the region, affecting families forced to leave their homes due to threats by extremist settlers.

Canada’s stance aligns with the Geneva Convention, which applies in the occupied territories and establishes Israel’s obligations as an occupying power regarding the humane treatment of inhabitants. While other countries like the U.S., U.K., and EU have also taken measures against violent Israeli settlers, Canada’s recent sanctions represent a crucial step in addressing this ongoing violence.

As the situation unfolds, Canada continues to advocate for a peaceful resolution and justice for affected communities in the West Bank.

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