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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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Russia Calls for Israeli Restraint Amid Escalating Tensions with Iran



Russia has urged Israel to exercise restraint in its ongoing conflict with Iran, emphasizing Tehran's right to self-defense. Deputy Foreign Minister Sergei Ryabkov stated that Israel must show "restraint and common sense" as the crisis unfolds.  

The confrontation escalated after Israel launched strikes against Iran's nuclear sites and military leadership last Friday, prompting Iran to retaliate with missile attacks on Israeli cities. Russia, which has a strategic partnership with Iran, expressed concerns over the potential consequences of strikes on nuclear infrastructure and their impact on global markets.  

The Kremlin also highlighted its willingness to mediate between the two nations, offering to remove highly enriched uranium from Iran and convert it into civilian reactor fuel as a possible solution to defuse tensions over Tehran's nuclear program.  

Russian President Vladimir Putin and Turkish President Tayyip Erdogan discussed the situation in a phone call, agreeing that the conflict poses significant risks to regional stability and calling for an immediate cessation of hostilities.  

As diplomatic efforts continue, the international community watches closely, hoping for a resolution that prevents further escalation in the Middle East.

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