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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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President Donald Trump is celebrating what he calls a “historic success” in brokering a ceasefire between Iran and Israel, following a dramatic escalation that saw U.S. airstrikes on Iranian nuclear facilities and retaliatory missile attacks on American bases in the Middle East.

Speaking at the NATO summit in The Hague, Trump claimed the U.S. strikes had “obliterated” Iran’s nuclear infrastructure, setting its program back by decades. “It was very severe. It was obliteration,” he said, dismissing intelligence assessments that suggest the damage may only delay Iran’s nuclear ambitions by a few months.

Despite the ceasefire holding for now, tensions remain high. Both Iran and Israel have accused each other of violating the agreement, and Trump has publicly rebuked both nations for their actions. Still, he insists the ceasefire is a “victory for everybody” and expressed hope for a new diplomatic relationship with Tehran.

While many in Iran and Israel expressed relief at the pause in hostilities, uncertainty lingers. Analysts warn that the long-term effectiveness of the strikes remains unclear, and the potential for renewed conflict persists if diplomatic efforts falter.

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