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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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Flashpoint in Suwayda: Syria-Israel Tensions Escalate Amid Druze Unrest

 

Tensions between Syria and Israel have reached a boiling point following a series of deadly Israeli airstrikes on Damascus and southern Syria, igniting fears of broader regional conflict. The strikes, which targeted Syria’s Ministry of Defence and areas near the presidential palace, were described by Israel as a response to escalating violence against the Druze minority in Suwayda.

The Druze, an influential but often marginalized religious group, have been embroiled in clashes with Syrian government forces and Bedouin tribes since mid-July. The violence erupted after the abduction of a Druze merchant, spiraling into armed confrontations that left hundreds dead. Israel, citing its historical ties to the Druze community, vowed to protect them and warned Syria of “painful blows” if government troops did not withdraw from the region.

Syria’s interim president, Ahmed al-Sharaa, condemned the Israeli strikes as a “flagrant assault” and accused Israel of exploiting sectarian divisions to destabilize the country. Despite announcing a ceasefire and troop withdrawal from Suwayda, the situation remains volatile, with Druze leaders divided over whether to accept government overtures.

The United Nations Security Council is expected to convene to address the crisis, as international concern mounts over the potential for further escalation. With both nations trading threats and the Druze caught in the crossfire, the region teeters on the edge of renewed chaos.

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