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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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Emerald Waters: Chicago’s St. Patrick’s Day Celebration


In a vibrant display of tradition, the Chicago River gleamed emerald green today, as the city celebrated St. Patrick’s Day with its iconic dyeing ritual. This beloved event, which dates back over 60 years, marks the beginning of a festive weekend filled with parades and merriment.

The dyeing process, which uses an environmentally safe, vegetable-based dye, transforms the river into a bright, neon green, drawing thousands of spectators to the city’s downtown area. The transformation is a sight to behold and serves as a quintessential symbol of Chicago’s spirit and its embrace of Irish culture.

As the river flowed in brilliant hues, the air was filled with the sounds of cheers and Irish tunes, encapsulating the joyous atmosphere of the celebration. The dyeing of the Chicago River is more than just a spectacle; it’s a time-honored tradition that unites the city and honors the rich heritage of its Irish community.

Today’s event is a reminder of the enduring legacy of St. Patrick’s Day in Chicago, where even the river dons green to join in the festivities.

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