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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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Your daily horoscope: October 7, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You enjoy a challenge and that’s good but your birthday chart warns you must not take on tasks that could be too much for you. Set yourself targets that will stretch you but which are still within your comfort zone. Life does not have to be a constant struggle.

ARIES (March 21 - April 20):

A succession of major changes are coming your way but there is no need to be fearful. On the contrary, as most if not all of those changes are going to be working in your favor you should put out the welcome mat and invite them all in.

TAURUS (April 21 - May 21):

You may not be entirely happy with the image you think other people have of you but do they really see you in a negative light or are you being overly critical of yourself? Most likely it’s the latter, so don’t go getting a makeover just yet.

GEMINI (May 22 - June 21):

If you act decisively today you will make a huge impression on the people around you and someone in a position of authority will go out of their way to sing your praises. Let them know you expect more than words – you expect a pay rise as well.

CANCER (June 22 - July 23):

You can quite easily find ways to get back at people who have been critical of you for no good reason but is it worth the effort? No it is not. Instead, focus on completing a project that will bring the kind of rewards no one can criticize.

LEO (July 24 - Aug. 23):

You may not think you deserve all the good things that friends and colleagues are now saying about you but in their eyes you are a bit of a hero. They especially admire your ability to turn what looked like a losing hand into a winning one.

VIRGO (Aug. 24 - Sept. 23):

Although Virgo is thought of as a conservative sign you possess an adventurous streak too and that side of your nature will be much in evidence over the next few days. Secretly, you will rather enjoy people seeing you as a bit of a rebel.

LIBRA (Sept. 24 - Oct. 23):

The message of the stars as the new week begins is that you need to get the balance right between being assertive and allowing others to call the shots. You may find that a more co-operative approach works better for you over the next few days.

SCORPIO (Oct. 24 - Nov. 22):

You may prefer to steer clear of issues that cause so much conflict but your sense of fair play won’t allow you to sit out whatever confrontation is now taking place. You don’t have to be on the side of the angels to know what is right.

SAGITTARIUS (Nov. 23 - Dec. 21):

Something that has been holding you back will suddenly and unexpectedly let go of you today and there is a danger that you will zoom off in the opposite direction. Going from one extreme to the other is rarely a good idea, so think before you react.

CAPRICORN (Dec. 22 - Jan. 20):

What you need to bear in mind today is that there is no copyright on ideas – if a friend or a colleague dreams up something you think you can benefit from then by all means use it. It won’t make you popular but it might make you rich!

AQUARIUS (Jan. 21 - Feb. 19):

Focus on the many good things in your life and ignore the one or two bad things that are really not such a big deal. Also, ignore those sad people who insist there is a major crisis looming when you know that their fears are totally groundless.

PISCES (Feb. 20 - Mar. 20):

You may be feeling more confident about your prospects but not everyone is convinced that you’ve got what it takes, so make it your business this week to prove them wrong. Don’t make too much of an effort over it though – make it look easy.

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