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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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Turkey Blocks Instagram Access Over Hamas Chief Post Removal

 

In a significant move, Turkey’s communications authority has blocked access to Instagram, reportedly in response to the platform’s removal of posts related to Hamas political leader Ismail Haniyeh. The Information and Communication Technologies Authority (ICTA) announced the block on Friday, though no official reason was provided.

According to local media, the block came after Instagram removed posts by Turkish users expressing condolences for Haniyeh, who was recently killed. This action follows criticism from Fahrettin Altun, the presidential communications director, who condemned Instagram for censoring messages of sympathy for Haniyeh.

Turkey, which does not classify Hamas as a terrorist organization, has a history of censoring social media platforms. The country is observing a day of mourning for Haniyeh, with flags flown at half-staff. This incident highlights ongoing tensions between Turkey and social media companies over content regulation and freedom of expression.


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