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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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Walmart Revamps In-Store Experience: Self-Checkout Machines to be Phased Out

 

In a significant shift in retail operations, Walmart has announced the removal of self-checkout machines from select stores, aiming to enhance the customer shopping experience. This decision comes as part of a broader strategy to provide more personalized service and efficient assistance through human cashiers.

Key Changes:

  • Self-Checkout Removal: Two Walmart stores, one in St. Louis and another in Cleveland, are set to eliminate self-checkout machines within two weeks.
  • Customer Service Focus: The move is intended to improve in-store shopping and offer customers more personalized service.
  • Industry Trend: Walmart follows other retailers like Target and Dollar General in reducing reliance on self-service checkout due to theft concerns and customer feedback.

Impact on Shoppers: Shoppers can expect a more traditional checkout experience with staff assistance, potentially reducing theft and errors associated with self-service machines. The change also reflects Walmart’s commitment to addressing customer needs and enhancing the overall shopping environment.

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