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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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Deadly Drone Strike Ignites Odesa Apartment Fire, Leaves Six Injured

 

Odesa Under Fire: Civilian Casualties in Overnight Russian Drone Attack

In the early hours of July 19, Russian forces launched a massive drone assault on the Ukrainian port city of Odesa, killing one resident and injuring six others, including a child. The strike ignited a fire in a multi-storey apartment building, engulfing several upper floors and prompting a dramatic rescue operation by emergency crews.

According to Ukrainian President Volodymyr Zelenskyy, the attack was part of a broader offensive involving over 300 drones and 30 missiles targeting ten regions across Ukraine. In Odesa alone, more than 20 drones converged on the city, damaging multiple residential buildings and civilian infrastructure.

Local officials confirmed that five people were rescued from burning apartments, though tragically, one woman later died from her injuries. The Odesa Regional Prosecutor’s Office has launched a war crimes investigation into the incident.

As Ukraine continues to appeal for enhanced air defense systems and international support, the strike underscores the escalating toll of Russia’s ongoing aggression. Rescue operations remain underway, and authorities are assessing the full extent of the damage.

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