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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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Celestial Spectacle: Final Supermoon of 2024 and Meteor Shower Light Up the Sky

 

Stargazers are in for a treat this Friday night as the final Supermoon of 2024 graces the sky, accompanied by the dazzling Leonid meteor shower. This celestial event promises a spectacular display, with the Full Beaver Moon reaching its peak illumination at 4:29 PM EST.

A Supermoon occurs when the Moon is at its closest point to Earth, making it appear larger and brighter than usual. This is the fourth and final Supermoon of the year, and it won’t be until October 2025 that we witness another one.

Adding to the night’s splendor, the Leonid meteor shower will peak, offering the chance to see up to 15 meteors per hour under ideal conditions. However, the bright Supermoon may obscure all but the brightest meteors. For the best viewing experience, try to catch the meteors during the early morning hours when the Moon is lower in the sky.

Don’t miss this opportunity to witness one of the year’s most stunning astronomical events. Whether you’re an avid astronomer or just enjoy gazing at the night sky, this Supermoon and meteor shower combination is sure to be a memorable sight.


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