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Prices across the globe increase as the war in Iran escalates | CTV National News for April 3, 2026

Iran shot down two U.S. military planes in separate attacks Friday, with one service member rescued and at least one missing, in a dramatic escalation since the war began nearly five weeks ago. It was the first time U.S. aircraft have been downed in the conflict and came just two days after President Donald Trump said in a national address that the U.S. has “beaten and completely decimated Iran” and was “going to finish the job, and we’re going to finish it very fast.”

Meanwhile, Canadian grocery prices were up 5.7 per cent in February from a year ago, according to Statistics Canada, with the biggest price increases seen across the Maritime provinces.

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