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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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Your daily horoscope: May 7, 2025

 

IF TODAY IS YOUR BIRTHDAY

Self-belief is the key to success and you have oodles of the stuff. Set your sights high and once you have reached one goal move on quickly to the next. You may fail once or twice along the way but you will succeed more often than not.

ARIES (March 21 - April 20):

Don’t let trivial issues and trivial people distract you. You have a lot to do and only a limited time in which to do it and the last thing you need is to be sidetracked by idiots with ideas that won’t last a minute in the real world.

TAURUS (April 21 - May 21):

If something hasn’t worked out for you then so be it. There will be other opportunities to shine and what looks like a minor tragedy now could look like a stroke of good fortune later in the month. The universe knows what you need.

GEMINI (May 22 - June 21):

You may be about to take an important decision but before you do you must make sure you have examined every bit of information that could make a difference. Yes, of course you can trust your instincts, but the facts are important as well.

CANCER (June 22 - July 23):

If you enjoy your work then keep at it and pay no heed to those who say you are wasting your time on an issue that is of no real importance. They may actually be right but if it brings a smile to your face that’s good enough.

LEO (July 24 - Aug. 23):

If you make an effort to help a friend in need today that friend will go out of their way to return the favour later in the month when it is you who needs assistance. No good deed ever goes unrewarded, not that you are looking for payment.

VIRGO (Aug. 24 - Sept. 23):

Make sure each step you take today is planned in advance and don’t try to push yourself to go further or faster than feels natural. Your rivals are watching closely and if you stumble or make a minor error they will use that to trash your reputation.

LIBRA (Sept. 24 - Oct. 23):

You can probably bluff your way out of the tight situation you now find yourself in but a better tactic would be to hold up your hands and admit that you are out of your depth. No one expects you to be perfect, so don’t expect it of yourself.

SCORPIO (Oct. 24 - Nov. 22):

Strive to stay on good terms with partners and colleagues today, even though there will be times when their actions are so ridiculous that you want to scream in frustration. It takes all sorts to make a world and not everyone can be as switched on as you.

SAGITTARIUS (Nov. 23 - Dec. 21):

You know that someone is taking your generosity for granted and you know you should do something about it, but what? Let them know you possess information that could be embarrassing if it were to become public knowledge. It’s called blackmail.

CAPRICORN (Dec. 22 - Jan. 20):

The sun in your fellow earth sign of Taurus means you hold all the best cards and now you must decide how to play them. Instead of laying them all down for one big win try spacing them out. Several smaller wins could add up to more.

AQUARIUS (Jan. 21 - Feb. 19):

The sun’s position in the domestic area of your chart means you can and you must spend more time with the people you love than the people you work with. All relationships are important but family ties come before everything else.

PISCES (Feb. 20 - Mar. 20):

You will be confronted with a situation that you do not have the experience to deal with, so be smart and call in someone who can guide you. It’s not a sign of failure that you need to rely on expert advice, it’s a sign of maturity.

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