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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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Gaza Hospital Devastation: Aftermath of Conflict


In the wake of Israeli forces withdrawing from Gaza City, the extent of the destruction has become painfully apparent. Al-Shifa Hospital, once a bustling medical facility, now lies in ruins. The Israeli military’s operation, which lasted two weeks, has been met with conflicting reports regarding the presence of armed fighters within the hospital’s walls. While the military claims to have neutralized numerous combatants, hospital staff and Hamas officials firmly deny these assertions.

The damage to Al-Shifa Hospital is a stark reminder of the human cost of conflict. Amidst the rubble, residents of Gaza City are left to piece together their lives, grappling with the loss of a critical healthcare institution. The international community watches on, as the debate over the legitimacy of military actions and the protection of non-combatant zones continues to rage.

This tragic event underscores the urgent need for sustained peace efforts and the protection of civilian infrastructure in conflict zones.

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