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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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First Votes in U.S. Election Result in Trump-Harris Tie

 

In a surprising start to the U.S. presidential election, the first votes cast in the small community of Dixville Notch, New Hampshire, have resulted in a tie between former President Donald Trump and Vice President Kamala Harris. Each candidate received three votes, reflecting the incredibly close race that has been predicted by opinion polls.

Dixville Notch, known for its tradition of midnight voting, has once again kicked off Election Day with its early results. This tiny hamlet, with a population of just six, has been the first to report its results for decades. The tie underscores the intense competition between Trump and Harris as they vie for the presidency.

As the rest of the country prepares to cast their ballots, the early tie in Dixville Notch sets the stage for what promises to be a closely contested election. Both campaigns are making their final pushes to mobilize voters, with key battleground states expected to play a crucial role in determining the outcome.

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