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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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Pierre Poilievre Faces Defeat in Ottawa-Area Riding Amid Federal Election Shake-Up

 

In a surprising turn of events during Canada's 2025 federal election, Conservative leader Pierre Poilievre is projected to lose his long-held seat in the Carleton riding. With two polls yet to report, Liberal candidate Bruce Fanjoy has taken the lead, marking a significant shift in the political landscape.

Poilievre, who has represented the Ottawa-area riding since 2004, faced a strong challenge from Fanjoy, whose campaign emphasized affordable housing and cost-of-living solutions. This defeat comes as a personal blow to Poilievre, who had previously secured the riding with a comfortable margin in past elections.

The broader election results indicate a Liberal victory nationwide, with Mark Carney poised to lead the government. While the Conservatives have made gains in other areas, Poilievre's loss underscores the unpredictable nature of this election.


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