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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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U.S. Dispatches Aid Ship to Gaza Following Biden’s Pledge to Construct Pier

 

In a significant humanitarian effort, the U.S. Army has dispatched a ship to provide much-needed aid to Gaza. This move comes just days after President Joe Biden made a commitment to construct a temporary pier, ensuring supplies reach the besieged enclave.

The General Frank S. Besson, laden with essential supplies, embarked on its journey from Virginia to Gaza. Not only will it deliver humanitarian aid, but it also carries logistics to build the initial equipment for the temporary port. This strategic pier will facilitate the efficient delivery of supplies to Gaza, which has been grappling with dire conditions.

As Ramadan approaches and with UN warnings of an impending famine in Gaza, this maritime initiative is crucial. Another ship, loaded with aid, stands ready to set sail from Cyprus, organized by a Spanish charity. The urgency is palpable, as the people of Gaza await relief amidst ongoing conflict.

The U.S. military’s commitment to aiding Gaza underscores the importance of international solidarity during challenging times. As the aid ship sails toward its destination, it carries not only supplies but also a message of compassion and support.

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