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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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From Tees to Tensions: Trump Opens Scottish Golf Course Before Pivoting to Middle East Diplomacy

 

                                            President Donald Trump tees off during the opening ceremony for the Trump                                                                     International Golf Links golf course

President Donald Trump capped off a five-day visit to Scotland by inaugurating a new 18-hole golf course at Trump International Golf Links near Aberdeen. Flanked by his sons Eric and Donald Jr., Trump cut the ceremonial ribbon and played the first round on the course, which was named in honor of his late mother, Mary Anne MacLeod, a native of Scotland.

The course, billed as part of the “Greatest 36 Holes in Golf,” was designed by Eric Trump and will officially open to the public on August 13. The president praised the development as “an unbelievable masterpiece,” calling it a “passion project” for his family.

But the trip wasn’t all about golf. Trump used the occasion to meet with British Prime Minister Keir Starmer at his Turnberry property, where the two discussed pressing global issues including the humanitarian crisis in Gaza and a new U.S.-EU trade framework. Trump expressed concern over starvation in Gaza, contradicting Israeli Prime Minister Benjamin Netanyahu’s claims, and pledged to help establish food centers in the region.

As he teed off, Trump remarked, “We’ll play it very quickly and then I go back to D.C. and we put out fires all over the world,” referencing ceasefires he helped broker and ongoing diplomatic efforts.

With golf clubs in hand and global crises on his mind, Trump’s Scottish swing underscored his dual role as both brand promoter and statesman.

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