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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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Kim Jong Un Pledges Unwavering Support for Russia Amid Ukraine War

North Korean leader Kim Jong Un has reaffirmed his country’s “unconditional support” for Russia’s actions in the ongoing conflict in Ukraine, according to state media reports from Pyongyang. The declaration came during a high-profile meeting with Russian Foreign Minister Sergei Lavrov in the coastal city of Wonsan, marking a deepening of strategic ties between the two nations.

During the talks, Kim expressed full backing for “all the measures taken by the Russian leadership” to address what he described as the root causes of the Ukrainian crisis. Lavrov, in turn, conveyed greetings from President Vladimir Putin and praised the growing alliance as an “invincible fighting brotherhood”.

The meeting also highlighted the implementation of a mutual defense treaty signed last year, which obliges both countries to provide military assistance if either is attacked. Intelligence reports from South Korea suggest that North Korea has already deployed thousands of troops and supplied millions of artillery rounds to aid Russia’s war effort.

As global tensions rise, the Pyongyang-Moscow partnership appears to be evolving into one of the most robust military alliances seen since the Cold War.

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