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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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Total Solar Eclipse: A Celestial Spectacle Over Canada

 

The path of totality, where the sun goes directly behind the moon, will first cross through southwestern Ontario around 3:15 p.m. on Monday. From there, it will move east through Quebec and Atlantic Canada, exiting Newfoundland around 3:45 p.m. Eastern Time. Cities and towns along this path have braced for their populations to swell with eclipse chasers, with Ontario’s Niagara region even declaring a preemptive state of emergency.

As the total eclipse approaches, the sky will darken, and wildlife may fall silent as if nighttime nears. Temperatures will dip, and winds may change. The moon’s shadow will creep up on the landscape to the west. Some lucky observers may even witness shadow bands, resembling waves of light on the bottom of a swimming pool. And then, in a shared moment of awe, eclipse watchers will see the sun move directly behind the moon, casting the world into a temporary twilight.

While the next total solar eclipse in Canada is expected to pass through western provinces in 20 years, this celestial alignment only graces any given location roughly once every 360 years by some estimates. Much of Canada will still be able to witness a partial eclipse, but those gathered along the path of totality—ranging from 164 to 196 kilometers wide—will get the full show, weather permitting.

For Iyalie Russell and Gabby Gregor, their path to the solar eclipse watch spot at Niagara Falls, Ont., began in a history of astronomy course at York University. Their friendship sparked there, and they laid plans to eventually watch the solar eclipse together. Brian Rogers and his family traveled from the United States to Niagara Falls, eager to experience the eclipse framed by the iconic falls. Rogers recalled the last eclipse, saying, “It was kind of surreal because all the crickets and animals around us started making night noises, and that was pretty neat. They were confused about the situation” .

So, whether you’re in the path of totality or witnessing a partial eclipse, take a moment to look up, marvel at the cosmic dance, and let the celestial awe wash over you. 

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