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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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Market Optimism: U.S. Stock Futures Climb Amid China Trade Talks and Fed Decision

U.S. stock index futures edged higher on Wednesday as investors reacted positively to news of upcoming trade discussions between the U.S. and China. Washington announced that representatives from both nations would meet in Switzerland over the weekend, marking a potential step toward de-escalating trade tensions that have rattled global markets.

The Federal Reserve is also in focus, with its policy decision expected later in the day. While the central bank is widely anticipated to hold interest rates steady, traders are closely watching for signals on future monetary policy moves. Market participants are pricing in a possible rate cut by July, following mixed economic data that suggests slowing growth alongside a resilient labor market.

At 07:05 a.m. ET, S&P 500 E-minis were up 0.66%, Nasdaq 100 E-minis gained 0.67%, and Dow E-minis rose 0.73%. Investors are also keeping an eye on corporate earnings, with companies like Walt Disney and Uber Technologies reporting results that could influence market sentiment.

As Wall Street navigates uncertainty, the combination of trade negotiations and Federal Reserve guidance will likely shape market movements in the coming days. Traders remain cautiously optimistic, hoping for clarity on both fronts.

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