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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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Rush to Work: CNE Job Frenzy Highlights Youth Unemployment Crisis

 

                                          Applicants at the CNE’s Job Fair wait in line at the Enercare Centre in Toronto on July 30,                                                           2025. CNE has already received more than 54,000 online applications, the most yet.

The Canadian National Exhibition (CNE) has seen an overwhelming flood of interest for its seasonal job openings, receiving over 54,000 applications for just 1,000 positions. This staggering demand shines a spotlight on a pressing issue: the persistent challenge of youth unemployment across Canada.

Each summer, the CNE hires young people to support operations for one of Toronto’s largest annual events. While the fair promises temporary income, resume-building experience, and a taste of independence, the sheer volume of applicants points to deeper economic struggles among youth. Many are grappling with limited opportunities, rising living costs, and competitive job markets that often favor experience they haven’t yet been able to gain.

Experts argue that these figures illustrate a disconnect between the number of youth ready and eager to work and the availability of meaningful employment. As economic uncertainties continue to shape the post-pandemic landscape, initiatives like the CNE’s hiring program act as both a stopgap solution and a barometer of youth desperation.

For policymakers, educators, and employers, the message is clear: Canada’s young workforce is knocking, and the door to opportunity needs to swing open far wider.



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