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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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Workers Rally for Greater Labor Rights on May Day

 

May Day, observed on May 1, is a significant date for workers across the globe. This year, workers and activists in Asian capitals and European cities took to the streets to mark the occasion with rallies and marches. Their collective demand: greater labor rights.

Rising Prices and Labor Policies

The May Day rallies were fueled by rising prices and dissatisfaction with government labor policies. Hundreds of Filipino workers in Manila, Philippines, marched to demand wage increases and job security amid soaring food and oil prices. In Seoul, South Korea, members of the Korean Confederation of Trade Unions gathered for a rally, echoing the call for better working conditions. Similarly, participants in Tokyo, Japan, marched after a May Day rally, emphasizing the need for labor rights.

A Global Celebration of Workers’ Rights

May Day serves as a reminder of the importance of workers’ rights. It’s a day when people come together to advocate for fair treatment, improved working conditions, and equitable wages. Across Asia and Europe, the rallies underscored the shared struggle for better labor rights and the need for governments to address workers’ concerns.

As we commemorate May Day, let us recognize the resilience and determination of workers worldwide. Their collective voice continues to shape policies and advocate for a fairer, more just labor landscape. 


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