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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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Aeroflot Cyberattack Grounds Flights as Hackers Claim Deep Network Breach

 

Cyberattack Grounds Aeroflot Flights, Hackers Claim Year-Long Infiltration

Russia’s flagship airline Aeroflot has cancelled dozens of flights following a major cyberattack that disrupted its IT infrastructure and caused widespread delays across the country. The airline announced that its flight schedule has now been “stabilised,” with 93% of flights operating as planned.

Scope of the Attack

  • The cyberattack occurred early Monday and led to the cancellation of over 100 flights, including both domestic and international routes to Belarus, Armenia, and Uzbekistan.
  • Aeroflot’s subsidiaries, Rossiya and Pobeda, were also affected, with disruptions at Moscow’s Sheremetyevo Airport causing chaos for passengers.

Who’s Behind It?

  • Two pro-Ukraine hacking groups—Silent Crow and the Belarusian Cyber Partisans—claimed responsibility.
  • Silent Crow stated it had infiltrated Aeroflot’s systems for a year, destroying 7,000 servers and stealing sensitive data including passenger records and internal communications.
  • The groups linked the attack to opposition against Russia’s invasion of Ukraine and Belarus’s support for Moscow.

Government Response

  • Russian lawmakers called the attack a “wake-up call,” urging investigations into both the perpetrators and internal security failures.
  • The Kremlin described the incident as “worrying,” and a criminal investigation has been launched.

Impact and Outlook

  • Although Aeroflot resumed most operations by Tuesday morning, the long-term damage to its systems and reputation remains unclear.
  • Analysts warn that the attack marks a shift toward “kinetic sabotage,” where cyberattacks have tangible effects on physical infrastructure.


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