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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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Tragedy in Gaza: Family Killed in Overnight Airstrike Amid Humanitarian Crisis

 

In the early hours of Tuesday morning, an Israeli airstrike struck a residential building in central Gaza, killing an entire family as they slept. The victims, reportedly displaced by earlier fighting and struggling with food shortages, had sought refuge in the home after days without adequate shelter or sustenance.

Local health officials confirmed the deaths of at least seven family members, including four children. Neighbors described hearing a sudden explosion followed by cries for help, but rescue efforts were hampered by debris and ongoing security concerns.

The strike comes amid escalating violence and a deepening humanitarian crisis in Gaza, where access to food, water, and medical care remains severely limited. Aid organizations have repeatedly warned of famine-like conditions, particularly among displaced families.

Israeli military officials stated the strike targeted a Hamas operative, but the collateral damage has drawn international condemnation and renewed calls for a ceasefire. Human rights advocates stress the urgent need for protection of civilians and unrestricted humanitarian access.

As the conflict continues, stories like this underscore the devastating toll on innocent lives caught in the crossfire.

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