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Monday’s CPI Could Decide Your Next Mortgage Payment

  Canada lost 68,000 jobs in September. Inflation is sitting at 3%. The Bank of Canada has to decide on October 28 which of those facts matters more, and on Monday morning one more number lands to help it choose. If you carry a variable-rate mortgage, a HELOC or a renewal this winter, that number has a price tag. Two reports pulling in opposite directions The jobs data came first. Statistics Canada reported on October 9 that employment fell by 68,000 in September, pushing the unemployment rate to 6.5% from 6.4%. It followed a drop of about 42,000 in August, which means more than half of the 181,000 jobs gained between April and July have now been wiped out. Ontario shed 20,000 positions on its own. Markets reacted within hours: the odds of a quarter-point Bank of Canada hike on October 28 dropped to roughly 25% from about 40%, according to LSEG data reported by Reuters. Inflation is telling the opposite story. The consumer price index rose 3.0% year over year in August, matching Ju...
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The Air We Breathe: Asia’s Pollution Crisis


Asia is facing a severe air pollution crisis, with rampant pollution affecting more than half of the world’s population. The air quality has deteriorated to such an extent that it is now considered unsafe to breathe. This environmental challenge has far-reaching implications, not only for public health but also for the economy and quality of life.

Key Points:

  • Widespread Impact: The pollution crisis in Asia is extensive, impacting a significant portion of the global population.
  • Health Hazards: Unsafe air quality poses serious health risks, leading to respiratory problems and other illnesses.
  • Economic Consequences: The persistent pollution can have detrimental effects on the economy, potentially hindering growth and productivity.
  • Call for Action: Addressing this issue requires urgent attention and action from governments, communities, and individuals to improve air quality and safeguard public health.
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