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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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Sectarian Tensions Erupt Again in Sweida as Israel Steps Up Military Pressure

 

Clashes have reignited in the southern Syrian city of Sweida, a predominantly Druze region, following the collapse of a brief ceasefire between Syrian government forces and local Druze fighters. The renewed violence has intensified sectarian tensions and drawn international attention, particularly from Israel, which has vowed to continue military strikes in defense of the Druze minority.

The Syrian Defence Ministry had announced a ceasefire late Tuesday, but by early Wednesday, heavy artillery and mortar fire resumed across Sweida and nearby villages. Government forces reportedly clashed with Druze militias after initially being deployed to quell fighting between Druze and Bedouin armed groups.

Israel, citing its commitment to protect the Druze community, launched airstrikes on Syrian military positions in Sweida and Damascus. Defense Minister Israel Katz warned that further strikes would follow unless Syrian forces withdrew from Druze areas. “Leave the Druze alone,” Katz stated, emphasizing Israel’s alliance with its own Druze citizens and its intent to enforce a demilitarized buffer near the border.

The death toll has climbed sharply, with reports indicating nearly 250 fatalities since the violence erupted on Sunday. Civilians have accused government troops of looting and executing residents, further inflaming local anger.

As the situation deteriorates, international actors including the United States have called for calm and dialogue. However, with sectarian divisions deepening and regional powers asserting influence, Sweida remains a flashpoint in Syria’s fragile post-war landscape.

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