Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israeli Strikes Claim Lives in Gaza as Ceasefire Talks Resume

 

In a tragic escalation of violence, Israeli military strikes have killed dozens of people in the Gaza Strip, including women and children. The strikes, which took place over the past 24 hours, have brought the death toll to 62, according to Palestinian medics. The attacks targeted various locations, including residential areas and a house in Gaza City, where 12 people were killed.

As the death toll rises, mediators have launched a new push for a ceasefire in Qatar. The talks, brokered by Qatari and Egyptian mediators with the support of the U.S. administration, aim to bring an end to the 15-month-long conflict and secure the release of Israeli hostages.

The situation remains tense, with both sides expressing a commitment to reaching an agreement, though it remains unclear how close they are to a resolution. The international community continues to call for an end to the violence and for humanitarian aid to reach those affected by the conflict.

The ongoing conflict has already displaced most of Gaza's 2.3 million residents and caused widespread destruction. As the talks proceed, the hope is that a ceasefire can be achieved to prevent further loss of life and suffering.




Labels:

Comments

Post a Comment